The Euro failed to break 1.32 on yesterday but it was the second test in the same day so the clues about a potential break are quite clear and it may happen really soon, if the lower half of 1.31 will remain intact. Currently, support is seen at 1.3155 backed by 1.3140, 1.3125 and 1.3080. Resistance emerges at 1.3180 followed by 1.3200 and 1.3245. Daily sentiment is bullish, hourly is bearish and a potential break of 1.3155 would most likely accelerate the decline towards the roots of the 1.31 area. Current quote is 1.3167 @ 07:35 GMT
Recommended trades:
Long in the 1.3155 area, stop at 1.3130, objectives at and above 1.3210.
