The Euro recovered again this morning and now is trading above 1.26. This optimism won’t last long though. If you've been reading my reports, you know that I find the level of 1.27 as a strong resistance zone for this currency pair. I remain bearish for this pair because the European Union is an absolute mess. If the two weeks close above 1.27, the rate could go upward to 1.30, at least.
On a technical level we note that the euro has formed a bearish roof, so we recommend selling at 1.26 until tomorrow, given that tomorrow will be a very volatile day, so we recommend be cautious. We will place our goal in the next fractal near 1.2512 support level, if this level is broken, our ultimate goal will be at 1.2380 dollars per euro.

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