EURUSD finds support at 1.3065

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EURO-Dollar-min

The EURUSD declined from 1.3175 levels as suggested in previous reports. But downside from 1.3175 was halted at 1.3065 levels. Now the pressure will be on the key resistance 1.3120, stability above the 1.3120 levels on a 4-hour closing basis will pave the way towards the 1.3175 levels where a breach will turn the focus on the 1.3255/1.3300 levels.

On the downside. Stability below 1.3065 levels on a 4-hour closing basis will target 1.2990. A break below this level will open the way towards 1.2920 levels.

In all. As long as 1.3065 holds on a 4-hour closing basis, the pair is likely to try higher once again towards 1.3175/1.3200 levels.

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