EURUSD
The Euro failed to pass 1.2850 on yesterday but it found good support at 1.2808. While it holds, new tests aiming towards the upper half of 1.28 and the 1.29 area are possible. Intraday support is formed by 1.2808, mid-term support is seen at 1.2800 backed by 1.2750 and 1.2700. Resistance emerges at 1.2850, 1.2875 and 1.2900. Daily momentum lost strength but the upside is still favored. Hourly sentiment is neutral. Current exchange rate is 1.2816 @ 06:53 GMT
Trading strategies:
Long in the 1.2805 area, stop below 1.2775, objectives at and above 1.2855.
Other Articles You Might Enjoy:
