Technical Analysis for EURO
The pair moved to the upside benefiting from stability above 1.3000 levels again, this rise remained limited below 1.3080 levels. Stability below 1.3080 levels keeps the possibility of the downside move valid, but we need to confirm that by stabilizing below 1.3000 levels especially that the pair is trading now above Linear Regression Indicators.
The trading range for today is among the key support at 1.2905 and key resistance at 1.3200.
The general trend over short term basis is to the upside targeting 1.4375 as far as areas of 1.2990 remains intact.
Support: 1.3035, 1.3000, 1.2980, 1.2965, 1.2905
Resistance: 1.3080, 1.3100, 1.3155, 1.3170, 1.3205
Recommendation Based on the charts and explanations above, our opinion is selling the pair around 1.3080 targeting 1.3035, 1.3000 then 1.2905 and stop-loss with four-hour closing above 1.3155 might be appropriate