Technical analysis of support and resistance shows EU testing 1.08757
Resistance above at 53.47, there is also an intermediate resistance at 51.72 where we have the option of taking some profits
We will have some strength in the Euro against the Dollar with the elections coming up, I see a bounce on the upper green line in the next couple of weeks failing to get higher than the previous high of 1.1275, then down to test the blue resitance lines
EU should make a push to 1.10 area then continue in the downtrend of the last couple of weeks, going to try and catch it at the bottom of this channel for 90 pips target
Swing trade entered at 1.30200, using my scalping account to add to the profits after the dips
We might gain some strength with NFP coming up tomorrow, lets get in early with a small stop-loss