- 1.3130/40 and through to 1.3160/65 is a wide level to watch, we’ll be able to narrow this area down as price trades into it and activity indicates important price points
- 1.3073/78 Europe/NY highs will provide resistance today
- 1.3020 has established itself as a strong level – EUR/USD tested up toward here a number of times last week, being rejected each time. Then yesterday came the sharp move through here, a retest during the Asian day that held before higher in Europe and NY. Expect 1.3020 to play a pivot role, with buys around here initially.
- 1.2990/1.3000 more buying
- Below 1.2970 stop loss sellers