EURUSD hit resistance at 1.3077 which did hold the bounce as predicted, but a break above here today looks more likely & targets 1.3145 which should hold the topside now. If however we push through 1.3165 we look for a selling opportunity at 1.3199 with our stop needed above 1.3225.Support today at 1.3016/10 then last week’s low at 1.2967 offers better support. A break is unlikely now but could target 1.2890/80 before finding support in this down trend. However below here we should test the 200 day MA at 1.2846.
Long term levels1.3711 2013 High1.3528 200 Week Moving Average1.3486 2012 High1.3331 100 Week Moving Average1.3319 Last week’s high1.3135 100 Week Moving Average1.3074 38.2% Fibonacci1.2967 Last week’s Low1.2877 50% Fibonacci1.2846 200 Day Moving Average
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