EUR/USD
Resistance: 1,3230-40/ 1,3280/ 1,3310/ 1,3350-60/ 1,3390/ 1,3420/ 1,3470/ 1,3520
Support : 1,3150/ 1,3115-20/ 1,3070-80/ 1,3020/ 1,2980/ 1,2900
Comment: Euro declined for one more day within the sideways formation. Reactions remained weak until 1,3300 area, where bears gained momentum leading back to 1,3150.
There is not much to add to our previous analysis, as Euro’s sentiment remains negative.
Important support emerges at the base of 1,3100, with interim support level at 1,3140.
To the upside, resistance should be found at 1,3250-60 and 1,3300-10. A break of the second could lead us to 1,3400 area in the short term.
*STRATEGY:
The short term trend is bullish and we will follow it with buy orders at 1,3240-60, stops below 1,3200 and target at 1,3400.
Sell orders could be tried at 1,3400-20 with stops above 1,3460 and target at 1,3300...
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