EURUSD
The Euro recovered since yesterday and it managed to climb towards the 1.42 area, finding support above the 1.4130 level. Support is now seen at 1.4165 backed by 1.4130 and 1.4100. Resistance starts at 1.4200 followed by 1.4250 and 1.4280. The daily momentum is bullish, again, and the hourly studies are bullish too. While the Euro holds on the 1.4150 and 1.4130 support levels, then it has good chances of breaking 1.42 and give us clues about potentially testing the 1.4280 highs during the next trading sessions. The upside is once again favored and we do not believe that a potential pullback will put much pressure on the lower half of the 1.41 area. Current exchange rate is 1.4185 @06:23 GMT
Trading strategies:
Long in the 1.4170 area, stop at 1.4140, objectives at and above 1.4220.
