EURUSD - Price Rise Likely Following Initial Dip.
During the last trading day, the high was 1.2510 and the low 1.2445.Major support can be found at the 1.2333 level while the major resistance is 1.2628.
For today, we expect the rate to rise following an initial drop.If you'd like to enter the market, 1.2482 would be a good entry level.
If you are already long this market or get into the market around 1.2482 , we see the 1.2585 level as a desirable exit point.
In case the market greatly move to the downside, consider placing a stop order at 1.2430 .