EUR/USD Technical Analysis

(1,3060) The EUR/DOLL confirmed a positive closing last night remaining however below the 200 days line, still resistance at 1,3074. While below this line on a daily closing we expect sooner rather than later an extension of the decline toward 1,2875, our s/t target. Overall the pair is still interior the negative outside day with 1,3115 – 1,2975 still the levels to follow in the coming hours. Only a daily closing below 1,2975 will support further weakness!!

Read the full report: EURUSD 07.02

 

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