The Euro closed slightly lower vs the U.S. dollar on yesterday, being well supported by 1.3080. Support backs 1.3080 at 1.3050 and 1.3020. Resistance is seen at 1.3125 followed by 1.3145 and 1.3190. A close below 1.31 would confirm a bearish sentiment on the daily charts. The hourlies are neutral. We expect 1.3080 to hold so that the range set on the previous 2 days is likely to remain valid. Current quote is 1.3120 @ 07:01 GMT
Recommended trades:
Long in the 1.3090 area, stop at 1.3060, objectives at and above 1.3140.
Short in the 1.3150 area, stop at 1.3180, objectives at and below 1.31.
Long in the 1.3090 area, stop at 1.3060, objectives at and above 1.3140.
Short in the 1.3150 area, stop at 1.3180, objectives at and below 1.31.
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