EURUSD
The Euro extended its gain VS the U.S. dollar on Friday, establishing support into the 1.28 area once again. Support is now seen at 1.2830 backed by 1.2800, 1.2750 and 1.2700. Resistance is formed by 1.2845 followed by 1.2875 and 1.2900. Bullish momentum remains intact on the daily charts. While the support at 1.2800 holds, we may look forward for potential tests of 1.2900. Current exchange rate is 1.2845 @ 06:55 GMT
Trading strategies:
Short in the 1.2870 area, stop above 1.2900, objectives at and below 1.2830
Other Articles You Might Enjoy:
