EURUSD: Bull Pressure Set To Target The 1.3005 Level

EURUSD: A hammer candle formation and a follow-through higher leave EUR building up upside pressure with eyes on the 1.3005 level. This suggests it should resume its short term uptrend in breaking the mentioned level. This if seen will trigger further strength towards the 1.3100 level where a breach will call for more gains towards 1.3177 level. On the downside, support comes in at the 1.2822 level. Further down, support lies at the 1.2660/25 levels where a breach will call for a run at the 1.2560 level. All in all, EUR continues to retain its corrective recovery tone.