Weekly technical levels:
Intraday trading recommendations:
- According to the previous events, the price has still been trapped between 1.3350 and 1.3200.
- The level of 1.3262 will indicate strong support. Moreover, the price will form a double bottom at this level (1.3255).
- Therefore, it will be wise to buy at 1.3262 with the first target at 1.3360 (the weekly resistance 1), then it will continue towards 1.34120.
- The stop loss should be placed below 1.3205.
The material has been provided by InstaForex Company - www.instaforex.com