EURUSD
The Euro extended its losses Vs the U.S. Dollar testing bids in the 1.2515 area then recovering and orbit around the 1.2540 level until the time of this writing. Support is still formed by 1.2530 backed by a minor support at 1.2515 (yesterday low) and 1.2480. Resistance is formed by 1.2560 followed by 1.2585 and 1.2615. Daily momentum remains bearish while the hourly is mixed due a low volatility and we don’t expect any large moves to occur until the upcoming economical events later today and tomorrow. Current exchange rate is 1.2546
Trading strategies:
Short in the 1.2570 area, stop above 1.2595, objectives at and below 1.2520.
Other Articles You Might Enjoy:
