Technical Analysis for EURO
The pair is trading in an upside bias benefiting from stabilizing above 1.3315 levels. The bullish bias extended despite its weakness, and Linear Regression Indicator 55 represents a good support. Breaching Linear Regression Indicator 34 residing at 1.3380 is significant to prove the extension of the current bullish wave.
The trading range for today is among the key support at 1.3230 and key resistance at 1.3545.
The general trend over short term basis is sideways targeting 1.2775 as far as 1.3600 is daily-closing.
Support: 1.3315, 1.3300, 1.3270, 1.3250, 1.3230
Resistance: 1.3345, 1.3385, 1.3440, 1.3485, 1.3505
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 1.3330 targeting 1.3385, 1.3440 then 1.3505 and stop-loss with four-hour closing below 1.3270 might be appropriate