EURUSD
Quite exhausted after the Friday decline, the Euro continues the consolidation process ranging between 1.1875 and 1.1920.
Minor resistance was formed by 1.1920, followed by 1.1950 and 1.2000. Important support is seen at 1.1880. A break through 1.1920 may result in a climb towards 1.1950. Even though the market was quiet during the last 24 hours, short term momentum turned bullish. Current exchange rate is 1.1909
Trading strategies:
Long in the 1.1900 area, stops below 1.1875, objectives at in the 1.1950 zone.
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