The euro edged higher on Friday, with EUR/USD rising 0.16% to 1.2319 to end the week 0.28% lower.Investors will also be awaiting Wednesday’s euro zone data, which is expected to show that a recent slide in consumer prices has come to an end. A pickup in would bolster expectations for an end to European stimulus later this year.
Technically the pair made a strong support at 1.2283 with the pattern on daily candle,currently the pair trade below 4hr resistance 1.2240, if break we can see short term buying to test earlier Resistance around 1.2360/80. we can see one pullback from 1.2360/75 , Ultimately, I think that a pullback at this point offers a buying opportunity as we continue to see pressure.
Long Around 1.23010/1.2290
target : 1.2380/1.2440