The euro could not break the resistance level of 1.3150. Recently the currency has reached the level of 1.3136. It could exceed this level to try again, but without a bullish outlook, thus much more sustainable. A loss of tempo in its rise has already been observed, the following downward correction is imminent, and would not miss view in the 1.2980 area even before finishing the week. Therefore, we recommend selling below 1.3150 with targets at the 200 day moving average around 1.2910.
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com
