EURUSD
The Euro declined on Friday reaching the daily low on the major support at 1.2700. The market has been quiet during the Asian session today and we expect it to keep moving on a low tempo, lacking volatility. Looking on the hourly charts, it seems that 1.27 will be the target of a new test during the days ahead. As it used to show us during the past weeks, it is a strong barrier and won’t give up easy. Current intraday support is formed by 1.2730 and 1.2700. Resistance emerges at 1.2750, 1.2765 and 1.2800. Current exchange rate is 1.2745
Trading strategies:
Short in the 1.2765 area, stop/reverse above 1.2790, objectives at and below 1.2720.
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