EURUSD
The Euro rose back into the higher half area of 1.34 versus the U.S. dollar on Friday, being supported by 1.3415. Support is now seen at 1.3450 backed by 1.3425 and 1.3410. Minor resistance is noticed at 1.3460 followed by 1.3473 and 1.3500. Hourly sentiment is neutral, daily studies are slightly bullish. A daily close above 1.3500 would signal a full reversal. The Euro may resume its recovery, putting the 1.3500 barrier under pressure. If the support at 1.3450 won’t hold, then range trading between 1.3410-1.3460 is likely to continue. Current exchange rate is 1.3452 @ 06:05 GMT
Trading strategies:
Long in the 1.3435 area, stop at 1.3405, objectives at and above 1.3470. Extended objectives may aim towards 1.3500 if 1.3470 will be reached and won’t hold.
