FX.co ★ EUR/USD - Buy above 1.30 - for May 03 , 2013 (daily strategy)

The euro ended the session on Thursday slumping against the dollar. This morning it fell in the wake of the US economic data, the Non-Farm Employment Change came out better than expected at 165k, which is pressing at the moment the euro. Given that the level of 1.3005 is a strong support level we should expect a weekly close below this level to sell this pair, therefore recommend buying at current price levels with targets at 1.3220 and 1.3432.

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