FX.co ★ EUR/USD Sell Bellow Fractal 1.3486- For February 13, 2012 (Daily Strategy)

This morning during the U.S. session the euro was attempting to break the key level of 1.35, below this level is the daily fractal 1.3486. If the euro closes the day above this level and above the fractal, it will be the beginning of a new upward sequence, on the other hand, the momentum indicator is showing bearish signal, as you can see from the chart, so we should be attentive to the key level of 1.3486. Below this level we recommend selling the pair, with short term objectives to 1.3250, next daily fractal.

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