•Euro falls as German Election results disappoint on far-right party raise.
•Euro hit a 4-week low on Monday and closed below the H4 200 SMA and the ascending trend line started on June 5.
•Draghi’s speech weighed in as he says inflation outlook in the Eurozone is still uncertain.
•At present the pair is trading around 1.1829 and testing the support at 1.1822.
•Traders sold the pair as uncertainty rose, taking it to a low of $1.1820.
•Support: 1.1800, 1.1772 and 1.1730
•Resistance: 1.1880, 1.1940-55 and 1.2000
•Recommendation: Short term bias negative. Sell at the next bullish retracement.