EURO/US DOLLAR
Dipping again and bearish momentum increasing a tad as we keep an eye on European opinion polls. Note that against the pound at £0.8400 it’s at its weakest since just before Christmas.
SHORT TERM TRADER: Small long at 1.0625; stop below 1.0500. Target 1.0730/1.0800.
POSITION TAKER: Square.
SUPPORT | RESISTANCE |
1.0500 | 1.0570 |
1.0480 | 1.0630 |
1.0450 | 1.0680 |
1.0390 | 1.0760 |