EURUSD
The Euro traded in a narrow range of 60 pips on yesterday, being well supported by 1.3100. While the said support holds, new tests of the resistance level at 1.3160 are highly possible. A break may bring 1.33 in focus, later. Resistance follows 1.3160 at 1.3180. Support backs 1.3100 at 1.3050 and 1.2980. Daily sentiment is bullish but a retracement seems possible, the Euro being quite exhausted after the last rally. Current exchange rate is 1.3120 @ 06:00 GMT
Trading strategies:
Short in the 1.3150 area, stop above 1.3180, objectives at and below 1.3090.
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