The euro recovered from yesterday's low. This pair has a support level at 1.3005, a psychological level which was rejected yesterday. It has a strong resistance level 1.3155, outside these levels the movement for the next few days are marked. We expect the pair should consolidate between these levels, above 1.3150. It is expected to reach up to 1.3250 and below 1.30. The euro is expected to fall to 1.2870. Therefore, you have to monitor both points as the pair approaches. However, today the pair is trading very close to the resistance and it is likely to be a correction of the pair. On the other hand, the Momentum Indicator is very overbought, the fall of the euro is imminent in the next few days.
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