The euro has not reached 1.3074, the value of the closing price on Friday. We believe the pair should reach this level to cover the gap that it has left during the opening of the session this week. Before taking bullish positions look for a safe way in that direction, you should see the development of the price breaking certain resistance levels. The first resistance is found in the daily fractal 1.3006, and according to the pivot points, 1,3030 is the weekly pivot. You can review our yesterday’s analysis to observe these levels. At the current price levels we do not recommend any strategy. Therefore, once the pair is trading above 1.3006, you can buy the euro in the short-term objectives to 1.3255. The momentum indicator is showing a bullish sign.

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