The Euro traded in a narrow range of 20 pips after it declined on yesterday and it found support at 1.2955. Support backs 1.2955 at 1.2940 at 1.2915. Resistance is seen at 1.2970 followed by 1.2980, 1.3 and 1.3035. While the lower zone remains intact, below 1.2950, a potential recovery aiming towards the 1.3 mark is possible. Daily sentiment is neutral and the hourly is slightly bullish. Current quote is 1.2970 @ 06:51 GMT
Recommended trades:
Long in the 1.2960 area, stop below 1.2930, objectives at and above 1.3010.
