FX.co ★ EUR/USD: Buy above trendline - for February 06, 2013 (Daily Strategy)

The euro is trading near the uptrend line in four hour chart, where one line goes from the least 1.3043. So the pair could lose its tendency. If the euro breaks 1.3490, the technical indicator is showing a bullish movement for the pair. If the euro breaks the support level, there will be the beginning of a downward pressure to the level of the 200 day moving average at 1.3308 periods. On the other hand, above 1.35 movements towards the fractal of 1.3622 and to the maximum of 1.37 are expected. Therefore, we recommend monitoring the key level of 1.35.

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