The 1.3100 area looks pretty significant for the EUR/USD as this is the region that capped moves higher from late Jan through to mid March so if there is to be any buying interest i think this is a pretty good place to find it. As the daily chart shows, if we take out the 1.3100 level then it could open the way for a move all the way back to 1.2500, but for now, i am looking for it to hold and to buy on dips.
Buy EUR/USD at 1.3185 and at 1.3135 with a stop below 1.3070. The 100 DMA can currently be seen coming in around 1.3120 FYI.
