FX.co ★ EUR/USD - Technical correction - for June 14, 2013 (daily strategy)

The euro has started the fall since early Friday. On Thursday the price closed at 1.3376. However, this pair was carried away from the height of 1.34 and technically it is about to lose a short-term uptrend, which is 1.3230 support area. The break of this level could accelerate downward move for the next few days. Therefore, given that at this level there is also the daily fractal, it is likely before it the euro tries to bounce, so you can buy at this level with goals back to the 1.3380 area. On the other hand, a break of the 1.3230 level and a daily close below this level will be the time to sell the euro, until 1.3065/00 levels.

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