EURUSD
The support zone around 1.1870 looks quite difficult to pass by at the moment, this being the 4`th day when the Euro is ranging above the said zone. The resistance at 1.1920 doesnt help either, like seen on yesterday, the pair declining soon after reaching highs above 1.1920. Next important support will be faced at 1.1800 if the support at 1.1870 will fail.
Hourly momentum is mixed, daily studies are bearish. Current exchange rate is 1.1885
Trading strategies:
Short in the 1.1915 area, stops above 1.1940, objectives at and below 1.1870. In case of a 1.1870 failure, objectives may target 1.1840
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