As of the start of the European session the pair is traded next to the daily pivot level at 1.3745 as it’s supported by the support line and the Fibonacci level of 138.2. The tendency is ascendant.

   Trading recommendations: to purchase within the sector of 1.3745 with the target at 1.3820. The steps are for 15-20 points with the possibility of re-entry into the deal.

Analysis prepared by:

Maxim Dmitrievsky
Forex4you analyst