EUR/USD
The Euro closed slightly higher Vs the U.S. dollar on yesterday but the pair continues to trade into the 3 days range of 1.3275-1.3340. Support is now seen at 1.3310 backed by 1.3275 and 1.3230. Resistance emerges at 1.3325 followed by 1.3340. A new test of 1.3340 is possible while the 1.32 area remains intact and the pair is supported by 1.3275. Daily sentiment is bullish while the hourly is neutral, upside is favored. Current quote is 1.3312 @ 06:30 GMT
Recommended trades:
Long in the 1.3295 area, stop at 1.3265, objectives at and above 1.3340. Extended objectives may target 1.3380 in case of a break of 1.3240
The Euro closed slightly higher Vs the U.S. dollar on yesterday but the pair continues to trade into the 3 days range of 1.3275-1.3340. Support is now seen at 1.3310 backed by 1.3275 and 1.3230. Resistance emerges at 1.3325 followed by 1.3340. A new test of 1.3340 is possible while the 1.32 area remains intact and the pair is supported by 1.3275. Daily sentiment is bullish while the hourly is neutral, upside is favored. Current quote is 1.3312 @ 06:30 GMT
Recommended trades:
Long in the 1.3295 area, stop at 1.3265, objectives at and above 1.3340. Extended objectives may target 1.3380 in case of a break of 1.3240
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