FX.co ★ EUR/USD Key Level 1.3212 - Daily Strategy For December 26, 2012

The euro weakened on Monday falling to daily support, finding support at the 1.32 level. This increases the probability that it will continue falling. The euro is trading near the pivot point, a close in 4-hour charts would be a bullish signal with a pullback to the key level of 1.33. We are bearish for this pair, so we will sell at the resistanc. If the pair closes below the 1.3212 pivot sell, with goals, until the support 1.3112 weekly.

We are bearish for the euro, because the debt negotiations are fuelling negative sentiment of investors and, as a result, the risk-related pairs are all suffering, the euro is one of them.

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