FX.co ★ EUR/USD - Sell Now, Below Fractal 1.3388 - for August 09, 2013 (daily strategy)

Yesterday the euro came off the levels of June 18 for the first time carrying a maximum at 1.34, driven by good data from Germany and a general market consensus to see a somewhat more stable for the immediate future in Europe, now it remains near that level in Friday's session, noting our graph we see the euro dollar is below 1.3388 fractal, this level is a very strong resistance, since the break of this level will open the door for an upward movement to the levels of 1.36 and 1.39, in the medium term while this level remains intact, we bet only lower to 1.3060, and below even the minimum levels of July around 1.2750. On the other hand, we note that the momentum indicator is located below the line of the MACD in bearish territory, showing a decline of the euro for the next few days.

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