EURUSD
The Euro closed slightly higher Vs the U.S. dollar on yesterday after trading into a narrow range of 50 pips and resumed the climb during today’s Asian session. Support is seen at 1.3320 backed by 1.3300 and 1.3255. Resistance emerges at 1.3350 followed by 1.3375 and 1.3400. Daily sentiment is bullish and so are the hourly charts. If 1.3350 breaks then we will look forward for new tests of 1.3400, later today. On the other side, a close below 1.3320 or 1.3300 would mean a change in daily momentum too but while the two levels hold, the upside is favoured. Current exchange rate is 1.3345 @ 05:50 GMT
Trading strategies:
Long in the 1.3325 area, stop at 1.3295, objectives at and above 1.3385. Extended objectives may target 1.3420 if 1.3400 doesn’t hold.
