The German FM Schauble speech and profit taking in US dollar made the Euro a bit stronger. The pair made a minor bottom at the 1.3168 level and closed at 1.3193, but unable to breach above Monday's high. Today, the pair opened again with a bullish note. We recommend buying only above 1.3215 (Monday's high). On the down side, it has support at the 1.3190, 1.3168, and 1.3150 levels.
A daily close above 1.3325 turns the weekly trend positive. - pending
For an intraday session, the prices are closed and trading above 12ema and 21hr sma results in a pull back. The pair has the nearest resistance at 1.3225 or 34hr sma. If the price manages to break the 1.3225 level, it can fly up to the 1.3240 and 1.3265 levels.
Support is at 1.3189, 1.3170, and 1.3150.
Buy with sl 1.3170, strong momentum is above 1.3225, cmp 1.3197.
The material has been provided by InstaForex Company - www.instaforex.com
