Trading Scenario: As we look into charts, EURUSD yesterday made a high of 1.3262 and now marginally holding above 1.3200 level. It seeems bulls still fighting for 1.3300 target.

EURUSD is still firmly traveling in a bullish channel and now seems to be retracing of that upward move yesterday. EURUSD has support significant support at 1.3100 to 1.3150 level.

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Our scenario on EURUSD is looking to buy at support levels. An agressive long will be from 1.3150 and more conservative long will be from 1.3100 level to give a good risk to reward trade targeting 1.3300.

Entry Strategy: Buying dips in an uptrend at support levels while market trade above our weekly trend reversal level which is at 1.2870.

Trade Suggestion: Go long around 1.3110 to 1.3150 targeting 1.3200, 1.3250 and 1.3300.

Trend Direction: Bullish

Trend Reversal Level: 1.2870

Key Support Levels: 1.3150, 1.3100, 1.3050, 1.3000, 1.2950

Key Resistance Levels: 1.3225, 1.3303, 1.3500