Euro has remained positive over the last few trading sessions as buying pressure resurged lifting the market back above the 135.50 handle. Bulls main aim should be to penetrate the 136.00 handle and look to draw the market towards 137.25 .
On the flip side Sellers have made their presence felt over the last few weeks as the markets has ground steadily lower. The key level will be 134.28 which will be pivotal over the next few trading days
Bulls remain resilient and strongly discarded a move to try and break the 134.28 daily support level . Time will tell if this bounce can turn into a meaningful rally .
A snap below 134.28 will signal a change in momentum for the market and could gesture at a larger downtrend.
Freshly Squeezed View
Buying on dips in the market as major equity markets continue breaking to new annual highs, Euro has remained positive over the last few trading sessions as investors continue their ‘risk-on’ trading strategy .