Forex Trader

The Euro extended its gains breaking the major resistance at 1.2660, establishing the daily highs at 1.2700 yesterday. Resistance at 1.2730, 1.2770 and 1.2830. Interim support is at 1.2685. Other resistance is at 1.2660 ,1.2640 and 1.2600. Bullish sentiment is seen on the daily studies while the hourlies are neutral at this time. Look for a retracement before another move up.

Recommended trades:
Short in the 1.2710 area, stop above 1.2740, target at and below 1.2660. Extended target may aim towards 1.2600 if it breaks 1.2660. Good luck trading.