EURUSD
After reaching the daily top at 1.2105, the Euro declined, falling back into the depths of 1.2. Intraday support is formed at 1.1990 followed by 1.1960 and 1.1900. A daily close below 1.2 is needed to confirm the full breach of the upward trendline started at 1.1830 in February. Resistance is seen at 1.2030 followed by 1.2060 and 1.2100. Current exchange rate is 1.2008
Trading strategies:
Short in the 1.2045 area, stops above 1.2070, objectives at and below 1.2000.
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