The euro has rejected the level of 1.2878 to be the day’s high so far. This level coincides with the 200 day moving average periods; it acts as a strong resistance. The pair has to overcome it in order to reach the levels of 1.30 and 1.32. The growth of the euro is that European exchanges earn on average 1.2%. Therefore, it is recommended to buy only if the pair is trading above the 200 day moving average. We will place the target on the fractal 1.3240.
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