EURUSD
After a quiet market during which the pair ranged between 1.2580 and 1.2600 failing to properly break the 1.2600 resistance, the Euro rose fast and established the daily highs around 1.2720. Support is now found at 1.2700 backed by 1.2665 and 1.2625. Resistance is formed by 1.2780 and 1.2825. The hourly momentum is bullish yet quite diverged, thing that may suggest a potential decline back to the first support at 1.2700, at least. The daily momentum is bullish as well. We will be looking forward for a climb higher, maybe after a modest retracement. Current exchange rate is 1.2733
Trading strategies:
Long in the 1.2700 area, stop/reverse below 1.2670, objectives at and above 1.2770.
Is not much we can do but at least it is something!
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