EURUSD
The Euro resumed the decline after testing the 1.2000 resistance level and managed to establish a double bottom on the short term charts, formed by the last 2 days lows in the 1.1940 area which is now an important support. Resistance is formed in the same old 1.2 zone, followed by 1.2045. The daily studies remain unchanged, bearish, while the hourly charts are mixed but slightly forming a bearish sentiment at the time of this writing. We are expecting a new 1.2000 test during the next hours, though paying atention to the current weekly lows seen in the 1.1940 area is indicated, that being an important level once breached confirming a further decline towards 1.18 and lower. Current exchange rate is 1.1973
Trading strategies:
Long in the 1.1960 area, stops below 1.1940, objectives at 1.2000
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