Technical Analysis for EURO
The pair is still trading positively which is normal in light of stabilizing above 61.8% correction of CD Leg of the bullish harmonic Butterfly Pattern residing at 1.3045. Trading above the referred to level triggers a new attempt to breach 78.6% correction at 1.3110 to move towards 1.3150 levels and perhaps 1.3200.
The trading range for today is among the key support at 1.2960 and key resistance at 1.3200.
The general trend over short term basis is to the downside targeting 1.2560 as far as areas of 1.3270 remains intact.
Support: 1.3040, 1.2990, 1.2960, 1.2945, 1.2905
Resistance: 1.3110, 1.3150, 1.3170, 1.3200, 1.3230
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 1.3080 targeting 1.3110, 1.3150 then 1.3200 and stop-loss with four-hour closing below 1.2990 might be appropriate