The euro-dollar pair is trading near previous levels of June 19, due to the German trade balance surplus that came out better-than-expected and boosted the euro very close to the level we were talking about 1.3388 Fractal. Some people believe that Europe is beginning to provide some signs of recovery, of course, coming from the locomotive of the entire block Germany. Therefore, we believe that this area will stop the rise of this pair, because on this level, there is a downtrend line in weekly charts, which turns coinciding with our Momentum indicator, located below MACD line, and it is in bearish territory.
If you need personal consultation, Skype: gerardofx or contact me via e-mail: gerardo.porras@analytics.instaforex.com
Gerardo Porras is taking part in the “Analyst of the Year” award organized by MT5.com portal. If you like his article, please vote for him.
| ||
Performed by Gerardo Porras, Analytical expert InstaForex Group © 2007-2013 |
EUR/USD key level is 1.3385 - for August 08, 2013 (daily strategy)
Tidak ada komentar:
Posting Komentar