EURUSD
The Euro rose and established a new all-time high on Friday, reaching 1.3680. Support is now seen at 1.3620 backed by 1.3600 and 1.3585. Resistance is noticed at 1.3650, 1.3680 and 1.3700. The upward trend will probably continue and the dollar will be put under heavy pressure once again, but the 1.35 area has to remain intact in order to see the Euro aiming towards highs in the 1.37 area soon. Daily sentiment is still bullish after it lost some strength due to the retracement which followed the rally towards 1.3680, hourly momentum is neutral. Current exchange rate is 1.3621 @ 06:02 GMT
Trading strategies:
Long in the 1.3600 area, stop at 1.3570, objectives at and above 1.3650.
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