EURO on trading zone
As we see over the chart, market managed to jump above resistance zone of 1.2440-60, which may place the pair inside new trading zone. However, the market now trading between 1.2350 to 1.2480.
Market may sustain trades inside trading zone between 1.2250 – 1.2600 levels
As long as market holding trades above 1.2360 expect another advance toward 1.2530 zone , while below 1.2360 expect 1.2270-90 zone
Daily Trend: Down
Weekly Trend: Down