EURUSD
The Euro tested 1.34 again on yesterday but it couldn’t climb higher than 1.3375 and declined, setting the daily lows at 1.3300. Support is now seen at 1.3300 backed by 1.3255. Resistance emerges at 1.3340, 1.3370 and 1.3400. Daily momentum is losing strength but it keeps a bullish flavour which would change if 1.3300 won’t hold. Hourly sentiment is slightly bullish. The pair is currently standing on a fragile ground as a retracement aiming towards the 1.3200 mark would be “normal” before a potential break of 1.34 but on the other side, we see 1.34 only 80 pips away from the current market price so it doesn’t seem that hard to achieve those and set new highs into the 1.34 area. Both sides should be traded carefully. Current exchange rate is 1.3320 @ 06:06 GMT
Trading strategies:
Long in the 1.3300 area, stop at 1.3270, objectives at and above 1.3350.
