EUR/USD – Buy above 1.3228 – for August 02, 2013 (daily strategy)
August 2, 2013 4:15 pm
The euro remains within the range of rates between 1.3333 and 1.3290. This pair has expanded more this range, but does not define clearly the trend for the next few days. This morning in the American session the Non-Farm employment Change was published. The data that came out was less than economists had expected for the month of July. Non-Farm payrolls increased by 162,000 jobs in July, following a downwardly revised increase of 188,000 jobs in June. On the other hand, the unemployment rate fell to its lowest level since reaching 7.3% in December 2008. I July, it fell to 7.4% from 7.6% in June, experts expected 7.5%. Therefore, we believe that this pair even needs to make a bullish momentum, so a setback to 1.3230 fractal level will be a good opportunity to buy with objectives to the strong resistance level 1.3380 and daily fractal.
If you need personal consultation, Skype: gerardofx or contact me via e-mail: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
The euro remains within the range of rates between 1.3333 and 1.3290. This pair has expanded more this range, but does not define clearly the trend for the next few days. This morning in the American session the Non-Farm employment Change was published. The data that came out was less than economists had expected for the month of July. Non-Farm payrolls increased by 162,000 jobs in July, following a downwardly revised increase of 188,000 jobs in June. On the other hand, the unemployment rate fell to its lowest level since reaching 7.3% in December 2008. I July, it fell to 7.4% from 7.6% in June, experts expected 7.5%.
Therefore, we believe that this pair even needs to make a bullish momentum, so a setback to 1.3230 fractal level will be a good opportunity to buy with objectives to the strong resistance level 1.3380 and daily fractal.
If you need personal consultation, Skype: gerardofx or contact me via e-mail: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
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