EURUSD Trading strategies: Short in the 1.1940 area, stops above 1.1975, objectives at and below 1.1900. Extended objectives may target 1.1870
The Euro falls back after reaching the 1.1975 peak on yesterday, though the daily momentum recoveres from the negative area quite a bit. Support was formed at 1.1900 and 1.1860. Resistance is seen at 1.1950 and 1.2000. We are expecting a drop below 1.1900 later today. Current exchange rate is 1.1914.
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