International Trading


EUR/USD has remained capped under 1.2735, strong low from past August 16th, since Asian opening, holding in range supported by 1.2680 intraday low. However, the lack of bullish strength and the break of the 38.2% retracement of the daily rally 1.1870/1.3330, support a midterm bearish continuation; immediate support and breakdown level comes at 1.2660: under this last, pair should extend towards 1.2600/20 zone.

The upside as mentioned is limited by 1.2735 so an acceleration and technical confirmation above it is needed to see the pair back up, with 1.2780, mentioned Fibonacci retracement, as probable bullish target for today.

View Live Chart for the EUR/USD