EURUSD daily report, by Liviu Flesar
The Euro rallied and tested offers in the mid 1.27 area on yesterday, establishing intraday support at 1.2715, also the 50 fib of 1.2675-1.2755. Support is also seen at 1.2680. Resistance is formed by 1.2735 which is being tested now followed by 1.2755, yesterday’s high, and 1.2830 higher. Momentum is bullish over both hourly and daily charts. We are expecting the upward move of yesterday to resume and maybe test offers into the 1.28 area later today. Current exchange rate is 1.2730
Trading strategies:
Long in the 1.2720 area, stop/reverse below 1.2690, objectives at and above 1.2800.
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