FX.co ★ EUR/USD - bearish outlook - sell now - for April 17, 2013 (daily strategy)

The euro made its latest bullish momentum towards the 1.32 area. I do not consider that this pair may rise more in the short term but I suppose it should fall to the psychological level of 1.30, and further down the moving average to 200, around 1.2870. Given the climate of uncertainty in the eurozone, while the authorities cannot find the solutions. In view of this uncertainty, we recommend selling the pair at this very moment at the level of 1.3142 with targets at 1.3005 and 1.29.

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