FX.co ★ EUR/USD key level is 1.3385 - for August 08, 2013 (daily strategy)

The euro-dollar pair is trading near previous levels of June 19, due to the German trade balance surplus that came out better-than-expected and boosted the euro very close to the level we were talking about 1.3388 Fractal. Some people believe that Europe is beginning to provide some signs of recovery, of course, coming from the locomotive of the entire block Germany. Therefore, we believe that this area will stop the rise of this pair, because on this level, there is a downtrend line in weekly charts, which turns coinciding with our Momentum indicator, located below MACD line, and it is in bearish territory.

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