Yesterday the euro managed to close above the weekly pivot of 1.3030. It increases the likelihood that the pair could be ready for a move higher until at least the nearest resistance of 1.3209. However, it is recommended to buy this pair. If there is a rebound in the area of 1.3030, below 1.30, there are many supports there, it will be difficult for this pair to fall easily. If you look at the graph, the momentum indicator is in positive territory, adding to the likelihood that the euro can recover.
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com
