Technical summary:
Important support at 133.07 is still holding firm keeping us cautiously bullish for a breakout above minor resistance at 134.57 and more important above resistance at 135.43 calling for a continuation to 138.14 and above.
Only a breakout below important support at 133.07 could indicate a corrective nature of the rally from 126.05 and call for a new test of this low.
Trading recommendation:
We will buy EUR here at 134.07 and place a stop + revers at 133.00.
The material has been provided by InstaForex Company - www.instaforex.com