EURUSD
The Euro gained some ground vs the US dollar on yesterday, being supported by 1.2780, reaching highs at 1.2730 during today’s Asian session. The current resistance of 1.2730 is yet again a key level and a breach may easily accelerate the market towards the 1.28 mark. We will be looking forward for tests of the said resistance. Other resistance levels are emerging at 1.2760, 1.2780 and 1.2830. Support starts at 1.2700 backed by 1.2680, 1.2660 and 1.2630. Both hourly and daily momentum are bullish. Current exchange rate is 1.2723 @05:50 GMT
Trading strategies:
Long in the 1.2700 area, stop/reverse below 1.2675, objectives at and above 1.2755.
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