The EUR/USD pair is very close to the weekly support 1.2893. Below it there is the uptrend line crossing at 1.2873. We believe that before the euro holds up it must break support at these levels. As we mentioned yesterday in our article, the euro has a strong downward pressure below 1.30005. Only a meaningful optimistic data could lead the pair to reach the highs last week.
At a fundamental level, the minutes of FOMC meeting will be released today. Much volatility is expected; therefore we recommend exercise great caution before making a decision.
Therefore, we recommend buying weekly support. It is recommended to buy only if you want to take a position now. You can buy at current price level with low leverage, with targets back to 1.3120.
The technical indicator is approaching a bullish rebound.

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