The Euro closed lower Vs the U.S. dollar on yesterday after failing to settle above the 1.2800 level. The lower half of 1.27 remained intact so far and while it does, we will be looking forward for new tests of 1.2800/1.2830. Support is formed by 1.2750 backed by 1.2700 and 1.2660. Resistance emerges at 1.2785, 1.2800 and 1.2830. Daily sentiment remains bullish while the hourly is mixed. Current quote is 1.2762 @07:02 GMT
Recommended trades:
Long in the 1.2750 area, stop below 1.2715, objectives at and above 1.2800.
