Important support at 133.07 held perfectly. Now we will be looking for a break above minor resistance at 136.07 and more importantly resistance at 138.14. That would confirm renewed upside pressure towards 141.06 on the way to 144.03
A break below important support at 133.07 is still possible. It would indicate that the rally from 126.05 was only a correction one, and this low should be retested.
We are long EUR from 134.07 and will move our stop to break-even. If you are not long EUR yet, buy EUR near 135.00 with the same stop.
The material has been provided by InstaForex Company – www.instaforex.com