EURUSD
The Euro couldn’t hold above the 1.3350 barrier on yesterday and it extended its retracement towards the lower area of the 1.33 area, setting the daily lows at 1.3310 before it found support at 1.3320. Support is currently seen at 1.3320 backed by 1.3290 and 1.3270. Resistance is noticed at 1.3350 followed by 1.3375 and 1.3410. Daily sentiment is bullish, hourly is neutral. The pair is currently sitting on a fragile ground as the retracement is likely to continue if 1.3320 won’t hold and 1.3270 may be put under pressure. On the other side, a resume of the mid-term climb would target 1.34. Current exchange rate is 1.3328 @ 06:30 GMT
Trading strategies:
Short in the 1.3340 area, stop at 1.3370, objectives at and below 1.3290.
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