Nothing much follow through. Euro continues to trade and correct in tight range, still holding on its own above 1.3320 support, but bias remains on the downtrend as long as 1.3400 holds (current EMA 365 value). No big news are scheduled for release today. Oh well..President Trichet and the gang remain hawkish, will do whatever it takes in their power to monitor the inflation.
Pivot Points:
R3 = 1.3399
R2 = 1.3381
R1 = 1.3368
PP = 1.3350
S1 = 1.3337
S2 = 1.3319
S1 = 1.3306
Trading ideas: buy 1.3335, 1.3320, sell 1.3375, 1.3400
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