EURUSD
The Euro rose to new highs which were set at 1.3338 on Friday but declined during today’s Asian session, reaching lows in the 1.3290 area at the time of this writing. Support is now formed by 1.3285 backed by 1.3265 and 1.3225. Resistance starts at at 1.3315, followed by 1.3340 and 1.3365. Daily sentiment is bullish, hourly is bearish. While the two support levels at 1.3285 and 1.3265 hold, an end of the current retracement and a recovery aiming back into the 1.33 area are possible. Current exchange rate is 1.3291 @ 07:20 GMT
Trading strategies:
Long in the 1.3270 area, stop at 1.3240, objectives at and above 1.3330.
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