EUR/USD: (1.3124) Pair above 1.2920
International Trading
Support area at 1.3060/ .3041 (reaction low hourly/ daily envelope bottom), with next level at 1.3013 (daily Short Term Moving Average↑): ideal area to stay above to keep current short term mood on €.
Failure to hold would see levels at 1.2975/ .2955 (reaction lows hourly), ahead of 1.2893 (break-up daily + daily modified Alpha Beta trend bottom): tough on 1st tests.
Resistance at 1.3132/ .3157 (today’s + current week high/ 76.4% 1.3334 to 1.2588), with next levels at 1.3186/ .3198 (daily envelope top/ 1st target off 1.2920 + daily Starc top), where pause favored.
If wrong, next levels at 1.3236 (daily modified Alpha Beta trend top + 200 Day Moving Average↓), ahead of 1.3252 (2nd target off 1.2920): tough on 1st tests.
