FX.co ★ EUR/USD - bullish outlook - for March 07, 2013 (daily strategy)

This morning the euro is trading at 1.3010, above the psychological level of the pair. As we have said earlier, we see that even the euro maintained its upward trend above the 200 day moving average above 1.2888, and that all reverse is just an opportunity to buy this pair. Therefore, currently buy the pair with objectives to the level of 1.31, key level. If the pair closes above 1.3101, you can re-buy this pair targeted to first weekly resistance 1.3235. On the other hand, the momentum indicator is showing bullish sign.

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