EUR/USD
The Euro managed to close slightly higher Vs the U.S. dollar on yesterday and established new intra-day support at 1.3185. Support backs 1.3185 at 1.3155 and 1.3110. Resistance is seen at 1.3220 followed by 1.3260 and 1.3290.
While the higher support levels hold and the lower half of the 1.31 area remains intact, the resistance at 1.3260 is a decent target. Daily sentiment is slighty bullish while the hourly is neutral at the time of this writing. We will be looking forward for new tests of 1.3220 but only if 1.3185 or 1.3155 will hold. Current quote is 1.3199 @ 07:30 GMT
Recommended trades:
Long in the 1.3180 area, stop at 1.3150, objectives at and above 1.3230.
The Euro managed to close slightly higher Vs the U.S. dollar on yesterday and established new intra-day support at 1.3185. Support backs 1.3185 at 1.3155 and 1.3110. Resistance is seen at 1.3220 followed by 1.3260 and 1.3290.
While the higher support levels hold and the lower half of the 1.31 area remains intact, the resistance at 1.3260 is a decent target. Daily sentiment is slighty bullish while the hourly is neutral at the time of this writing. We will be looking forward for new tests of 1.3220 but only if 1.3185 or 1.3155 will hold. Current quote is 1.3199 @ 07:30 GMT
Recommended trades:
Long in the 1.3180 area, stop at 1.3150, objectives at and above 1.3230.
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