26/07/2013 7:30 GMT
Yesterday’s gossips about QE make rapid moves on Dollar. Barclays Capital got stopped out on 1.3275, and Commerzbank on 1.3280.
Daily candle on EUR/USD at least closed above 1.3240 what should bring more bulls on the market and target is 1.3417. On this level should decide future of Euro/Dollar.
On 1 hour chart we can see how 78,6% Fibonacci retracement is working now as support. Question is where to open longs now. It can be on 1.3270 or on strong support 1.3240.
