The Euro manages to recover positions from the start of the European session; it is trading currently at 1.2930. It is likely to continue the upward trend for the rest of the day and up to the weekend.
According to our chart we can see that the pair is trading inside a triangle, this is a technical pattern. The break of the edge, top or bottom defines the movement in the medium term for the euro. It is likely the rate continues its move for the next few days in this way.
Therefore, we recommend buying at a current euro price, or if there is a decline to 1.29 it could be bought with objectives to the upper channel of the triangle 1.3030.
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