EURUSD
The Euro failed to hold above the 1.3578 support level on yesterday and declined but it been well supported in the mid 1.35 area by the 1.3555 support level. Support backs 1.3555 at 1.3525 and 1.3500. Resistance is noticed at 1.3585 followed by 1.3600 and 1.3635. Daily sentiment is still positive but it lost strength, hourly momentum is neutral. A close below 1.3550 may signal a change in momentum but while it holds, a recovery is possible. The upside is still favored until 1.3555 and 1.3525 will be, eventually, broken. Current exchange rate is 1.3560 @ 06:04 GMT
Trading strategies:
Long in the 1.3550 area, stop at 1.3520, objectives at and above 1.3600.
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