EURUSD – bearish, losing 1.2820 will expose 1.2745 !

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The EURUSD found support at 1.2820 last week. Now the pair is testing the key resistance  1.3000. However; As long as 1.3000 holds on a daily closing basis. The pair is likely to remain under pressure with risk towards 1.2820 levels. A daily close below 1.2820 will expose 1.2745 and target 1.2660 levels, losing 1.2660 sooner or later will look for 1.2400 levels.

On the upside, a daily close above 1.3000 would delay the bearish move and open the way towards the main resistance 1.3200, where a strong cap is suggested around/below this level, but stability above 1.3200 on a daily closing basis will pave the way towards  1.3280/320 levels ahead of 1.3370/430.

 

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