The Euro rallied on yesterday and established record highs at 1.3410. Support is now formed by 1.3375, level which is being tested now at the time of this writing, backed by 1.3350, 1.3320 and 1.3290. Resistance is seen at 1.3410 followed by 1.3465. Daily sentiment is bullish, hourly is slightly bearish due to the current retracement. We are expecting the retracement to continue but the upside is favored so a new test of 1.3410 is possible. Current quote is 1.3374 @ 07:12 GMT
Recommended trades:
Long in the 1.3350 area, stop at 1.3320, objectives at and above 1.3400.
