The euro yesterday exceeded the weekly pivot 1.2967 and managed to return back to Fractal 1.3005, up 1.3020. Now it is showing a small correction, it is likely that the euro could fall to 1.2920, but the most likely that if the pair traded above 1.2967, the bullish movement extends to 1.3120. There are many resistances above 1.3150, and it will be very difficult to reach the 1.35 level key operators.
According to the chart, we can see that the euro is above the main uptrend and below the secondary downtrend line. The break of 1.3120 will be the start for the pair to reach the levels of 1.33 and 1.35. On the other hand, if the main trend line is broken and if the pair closes below the 200 day moving average periods, a fall to 1.25 will be started. Now we're stuck in a consolidation of the euro. So we must be very careful.
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