The euro does not seem willing to lose its psychological level of 1.30 easily, neither shows any difficulties in upward trend resuming, which was lost earlier this week at 1.32. According to the momentum indicator, this pair is preparing for a bullish move, but if you remember, the level of 1.3150 was a strong resistance of the last weeks. However, it can be a correction before and upward movement to the level of 1.3079 and we recommend buying at this level. Short term objective is placed at 1.3255.
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com
