From technical analysis, this is an important moment for the euro -.
Despite the absence of important news, the moment is very interesting:
On Friday, the euro broke through the resistance of sellers at a three-month high of 1.1180.
But it couldn't keep up. Thus, this is a false breakdown and now the level of 1.1200 is a long-term maximum. Possibly, until the end of the year and then the euro is way down with a breakout of the bottom of 1.1035.
On the contrary, it is a pullback on the trend and we will see new growth.
So, the level of 1.1200 is of great importance.
You can buy it at current with a stop at 1.1080.
You can buy at a break of 1.1200.
We keep purchases from 1.1035.
