FX.co ★ EUR/USD - Sell below 1.3150 - for June 05, 2013 (daily strategy)

This morning the euro was operating near the 1.31 area, with the first resistance at the maximum of the week. It touched touched 1.3105 twice. It will be very difficult for the euro to maintain the uptrend. So if you look at the graph, it is likely that the pair has a decline to 1.3040 support, the break of this level will open the door to fall to the nearest fractal, 1.2877. In addition, the Momentum Indicator is starting giving bearish signal which will be confirmed when the pair breaks 1.3040. Therefore, we recommend selling at any price below 1.3155.

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