In Friday the European single currency broke the support level of the 200-day moving average which lays at the level of $1,5225. Since then the Euro had never moved up and fell below the level of $1,50. Now the Euro was a little corrected to $1,5060, noted analysts of Robobank. They said that a former resistance level of 4th quarter of 2007 and 1st one of 2008 becomes the nearest support with $1,4925/65. If the support is lost, it may give signals of weakening to the level of $1,4310. A lot of thing belong to the oil price which now shows serious correction. In the short-term perspective the picture in the Euro can be complicated by conflicts between Russia and Georgia.