Technical Outlook and Chart Setups:
As it is depicted above, not much has changed since the last 2 sessions. Immediate support (S1) comes around 1.5170 level. Until this level is not breached, one can buy on intraday dips. If the single currency retraces to 1.5100 level, the 0.386 Fibonacci support region, it would be a good bargain to re-enter buying. Intermediary resistance zone now is the 1.5320/30 region. Bulls are targeting above 1.5400.
Trading Recommendations:
Buy on intraday dips, stop below 1.5170. 1.5100 level is an optimum buy entry. Target above 1.5400
Good Luck!
