FX.co ★ EUR/USD - key level of 1.31 - for March 15, 2013 (daily strategy)

The euro dollar is approaching 1.3105, the first major resistance to the dollar for the next few hours. This level is key, so that the upward trend of the pair is established. It would only be considered a pullback if it closes below this level. Therefore, be careful if you want to buy at the current level, if the pair closes the day above 1.3105, you could safely buy the euro, or if the pair returns to the weekly pivot level of 1.3030, it would be a good opportunity purchase. The Momentum Indicator is in a mixed area in which there may be a correction of the euro for the next few hours.

If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com