FX.co ★ EUR/USD Under Pressure Bellow 1.3308 - For January 2 , 2013 (Daily Strategy)

The euro had an opening with a gap below the 1.33 level. This level is key because our previous weeks offered significant resistance. Further down, you can see that there is significant support at 1.3150. Due to it only a really important thing affecting the euro will be able to push down the pair. In the chart you can see the weekly resistance 1.3172. If the pair is trading below this level we recommend selling, with objectives to cover the gap that left at 1.3182 and final target at 1.3160.

Technical indicators are showing a bearish sequence.

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