EURUSD
The Euro rallied on yesterday and got past the lower half of the 1.39 area, finding support at 1.3960. Support is now seen at 1.3960 backed by 1.3930 and 1.3900. Resistance emerges at 1.3985 followed by 1.40. Daily sentiment is bullish, hourly studies being quite bullish too. While the Euro holds above the 1.3960 intra-day support, it’s highly possible to see a test of 1.40. Since it is not far away, we will probably see it soon, during the next trading hours. We expect 1.4 to be a strong resistance. Current exchange rate is 1.3979 @06:10 GMT
Trading strategies:
Long in the 1.3960 area, stop at 1.3930, objectives at and above 1.4000.
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