The Euro lost some ground Vs the U.S. dollar on yesterday but faced good support at 1.2800. A potential break of 1.2800 may bring the next support levels on focus, those being seen at 1.2750 and 1.2700. On the other side, resistance is formed by 1.2845 followed by 1.2875 and 1.2900. Both hourly and daily studies are bullish and while 1.2800 holds, a resume of the upward moves is possible. Current quote is 1.2823 @07:05 GMT
Recommended trades:
Long in the 1.2800 area, stop below 1.2770, objectives at and above 1.2870.
