FX.co ★ EUR/USD rebound above 1 .2927 (key Level) - for March 13, 2013 (daily strategy)

The number of retail sales in the United States pressured the euro lower reaching a new low of 1.2923. Right in this area there is the first weekly support. Now the pair tries to recover positions, from technically point of view, this area is a good level to buy the pair, with objectives in the medium term to weekly resistance 1.31. We expect that in the coming days the euro continues to be in range between 1.2930 and 1.31 levels. The Momentum indicator is in positive zone, which increases the chances of recovery of the euro.

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