EURUSD
The Euro appreciated Vs the U.S. dollar on yesterday, as the currency tested offers around the 1.26 figure after establishing the daily lows at 1.2460, piercing but not breaking the key mid-term support level at 1.2475. Intraday support was found at 1.2580 backed by 1.2550, 1.2510 and the key level of 1.2475. While the Euro holds above the 1.2580 barrier we are expecting to see and extended climb towards the half 1.26′s, where the 50 fib of the 1.2860-1.2460 move is seen. Resistance is formed by 1.2620, 1.2650 and 1.2690 higher. Current exchange rate is 1.2608
Trading strategies:
Long in the 1.2585 area, stop below 1.2555, objectives at and above 1.2650.
Is not much we can do but at least it is something!
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