EUR/USD
The Euro resumed this week's climb on yesterday and closed higher vs the U.S. dollar after it established the daily high at 1.3245. Support was found at 1.3215 and it is backed by 1.3200, 1.3175 and 1.3155. Resistance is noticed at 1.3245 followed by 1.3260 and 1.3290. Daily sentiment is bullish, hourly is neutral and the upside is favored, a test of 1.3290 being possible and the clues are enough if we look on the mid-term charts. However, in order to see 1.3290 reached during the upcoming trading session, the higher half of the 1.31 area must remain intact. Current quote is 1.3219 @ 07:21 GMT
Recommended trades:
Long in the 1.3210 area, stop at 1.3180, objectives at and above 1.3260.
The Euro resumed this week's climb on yesterday and closed higher vs the U.S. dollar after it established the daily high at 1.3245. Support was found at 1.3215 and it is backed by 1.3200, 1.3175 and 1.3155. Resistance is noticed at 1.3245 followed by 1.3260 and 1.3290. Daily sentiment is bullish, hourly is neutral and the upside is favored, a test of 1.3290 being possible and the clues are enough if we look on the mid-term charts. However, in order to see 1.3290 reached during the upcoming trading session, the higher half of the 1.31 area must remain intact. Current quote is 1.3219 @ 07:21 GMT
Recommended trades:
Long in the 1.3210 area, stop at 1.3180, objectives at and above 1.3260.
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