EURUSD
The Euro established new highs for 2007 on yesterday, breaking the resistance levels at 1.3260 and 1.3290. Support is now formed by 1.3280 backed by 1.3245 and 1.3225. Resistance starts at 1.3310 and it is followed by 1.3360 and 1.3400. Both daily and hourly studies are bullish. The Euro climb may resume as long as the the zone below 1.3250 remains intact and a break of 1.3310 would accelerate the Euro gains towards the 1.3360 mark which is an important barrier. Current exchange rate is 1.3301 @ 07:27 GMT
Trading strategies:
Long in the 1.3270 area, stop/reverse at 1.3240, objectives at and above 1.3330.
Other Articles You Might Enjoy:
