EURUSD daily report, by Liviu Flesar
The dollar rose Vs the Euro on Friday, as the pair tested bids at 1.2630 where it established support then recovered slightly and reached the 1.2660 area where it is seen now. Resistance is formed by 1.2665 and that is being tested at the time of this writing, followed by 1.2680 and 1.2700, higher. The Euro recovery may continue, in case of a breach of 1.2665 we will look forward for tests around the 1.27 mark, later. Momentum is bullish on the hourly charts and slightly positive on the dailies. Current exchange rate is 1.2665.
Trading strategies:
Long in the 1.2660 area, stop/reverse below 1.2630, objectives at and above 1.2700.
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