The Euro was higher in early Tuesday’s trading after pullback from fresh multi-month high at 1.2092 was contained above initial support at 1.1935 (10SMA) that hardly impacted larger bullish picture. Fresh attempts above psychological 1.2000 barrier could be expected while 10SMA, with close above 1.2000 (also Fibo 38.2% of 1.2092/1.1945 pullback needed to signal higher low at 1.1945 and trigger further recovery. Daily studies in full bullish setup support the notion. Alternative scenario sees rising downside risk on break below 10SMA, which could extend pullback towards next strong support at 1.1883 (rising 20SMA).
Res: 1.2000, 1.2036, 1.2070, 1.2092
Sup: 1.1935, 1.1883, 1.1826, 1.1773
