EURUSD
The Euro resumed its recovery started on monday and closed slightly higher Vs the U.S. dollar on yesterday. Support was found at 1.3343 backed by 1.3320 and the key support at 1.3255. Resistance is seen at 1.3365 followed by 1.3400. Daily sentiment is bullish while the hourly is neutral and a new test of 1.3400 is possible if the area below the 1.3320 barrier remains intact. However, we do not expect 1.3400 to break that easy, so the range trading may continue. Current exchange rate is 1.3350 @ 06:02 GMT
Trading strategies:
Long in the 1.3325 area, stop at 1.3300, objectives at and above 1.3365.
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