EUR/USD – Key fractal 1.3155 – for June 06, 2013 (daily strategy)
June 6, 2013 3:30 pm
This morning the EUR/USD was showing upward force due to the speech of Mario Draghi. It is expected to recover in the eurozone for the second half of the year, so the euro has been very optimistic. If you look at the chart the pair is touching the daily fractal line, 1.3155. A close above this level would lead it quickly to the level of 1.32, this is a strong resistance. On the other hand, below 1.3155 it will take more force sales because in this area the euro has always been tending to fall. The first objective is placed in 1.30 psychological level which coincides with the 200-day moving average and finally in the next fractal 1.2877.
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
This morning the EUR/USD was showing upward force due to the speech of Mario Draghi. It is expected to recover in the eurozone for the second half of the year, so the euro has been very optimistic. If you look at the chart the pair is touching the daily fractal line, 1.3155. A close above this level would lead it quickly to the level of 1.32, this is a strong resistance. On the other hand, below 1.3155 it will take more force sales because in this area the euro has always been tending to fall. The first objective is placed in 1.30 psychological level which coincides with the 200-day moving average and finally in the next fractal 1.2877.
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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