FX.co ★ EUR/USD sell bellow fractal 1.3155 - daily strategy for May 09, 2013

The euro remains unchanged mostly and in a narrow price range within which has moved all week. However, the closure in 4 hour chart below the 15 day moving average which is located at 1.3090 is a downside momentum to the levels of 1.30 and lower to 1.2877 in the medium term. Macro indicators in Germany with measurements well above expectations and very positive prevented a decrease of the euro in recent days. Thus, there is some stability of the euro, which is reflected in these movements, but holding it by above 1.30.

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