Forex Trader

The Euro rallied on yesterday as a result of the FOMC meeting, resuming the rise during today Asian session. The break of the 1.2600 resistance confirmed the bullish momentum on the daily charts. Resistance is now formed by 1.2640 which is being tested at the time of this writing and 1.2660 higher. Resistance also emerges at 1.2700. The downward trendline resistance formed on the daily charts is now seen around 1.2650. Support is formed by 1.2600 on first place, backed by 1.2575 and 1.2525. The Euro should face a solid barrier at 1.2660.
Recommended trade
Short in the 1.2660 area, stop above 1.2690, target at and below 1.2600. Good luck trading!!!