EURUSD
Friday was quiet and the Euro ranged between 1.3840 and 1.3880. Support is now seen at 1.3855 backed by 1.3840 and 1.3800. Resistance emerges at 1.3885 followed by 1.3900 and 1.3930. Momentum is bullish on both daily and hourly charts. The Euris well supported in the half 1.38 area and while the support at 1.3855 holds and the lower half of the 1.38 zone remains intact, the Euro may continue to test 1.39. If it gets to find support once again in the 1.39 area, we will dare to look higher, towards the 1.4 mark. Current exchange rate is 1.3879 @06:12 GMT
Trading strategies:
Long in the 1.3865 area, stop at 1.3835, objectives at and above 1.3915.
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