FX.co ★ EUR/USD Sell Bellow 1.3480 - For February 12 - 13, 2013 (Daily Strategy)

The euro is trading below 1.3475 daily fractal, this level is a very strong resistance, if it is broken, the upward movement could expand to the level of 1.37. Below this fractal we expect the pair to continue pressing low until the next daily fractal that serves as support for the pair at 1.3243, therefore, we recommended selling below 1.3480. The Momentum indicator is in the neutral zone with a small upward bias. Thus, the downward force is continuing to press the pair below 1.35.

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