EUR/USD daily strategy for July 10, 2013 – sell at 1.2906
July 11, 2013 6:28 am
EUR/USD yesterday suffered a severe drop due to the intention of the senior ECB official to keep interest rates for an “extended period”. Observing our daily chart, notice that the euro came to the minimum of the 4th of April, which was also nearing a break. Now, this morning it is showing a strong rebound, which we believe could have a stop at 1.2906 fractal, in this area we recommend selling with goals in the 1.2745 fractal. The MACD indicator is in the oversold zone, which is more likely to continue an upward bounce.
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
EUR/USD yesterday suffered a severe drop due to the intention of the senior ECB official to keep interest rates for an “extended period”.
Observing our daily chart, notice that the euro came to the minimum of the 4th of April, which was also nearing a break. Now, this morning it is showing a strong rebound, which we believe could have a stop at 1.2906 fractal, in this area we recommend selling with goals in the 1.2745 fractal. The MACD indicator is in the oversold zone, which is more likely to continue an upward bounce.
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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