EUR/USD – Buy above 1.30 for May 02 – 03 , 2013 (daily strategy)
May 3, 2013 7:00 am
The euro fell this morning after having reached its weekly resistance level of 1.3240. This pair reacted downwards to the European Central Bank’s announcement. However, the next day is expected to be volatile for the euro. Therefore, given that the pair is in a support zone and above the psychological level of 1.30, there is likely to be a bullish reaction. In case it closes the week below 1.30, it will be the beginning of a new downward sequence, which will be confirmed if the pair falls below the level of 1.2930. Therefore, we recommend to be cautious because a volatile session for the weekend is seen.
If you need personal consultation, contact me via e-mail: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
The euro fell this morning after having reached its weekly resistance level of 1.3240. This pair reacted downwards to the European Central Bank’s announcement. However, the next day is expected to be volatile for the euro. Therefore, given that the pair is in a support zone and above the psychological level of 1.30, there is likely to be a bullish reaction. In case it closes the week below 1.30, it will be the beginning of a new downward sequence, which will be confirmed if the pair falls below the level of 1.2930. Therefore, we recommend to be cautious because a volatile session for the weekend is seen.
If you need personal consultation, contact me via e-mail: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: