FX.co ★ EUR/USD Bullish Outlook for September 11, 2012 (Daily Strategy)

The EUR/USD pair fell during the European session below the 200 period moving average, which is around 1.2835. If the pair exceeds this level and closes above it, the road will be free until the 1.2956 fractal level and even more up to the psychological level of 1.30. Furthermore, it is likely that some weak data will put additional pressure to the euro, in particular to the fractal support around 1.2679. We recommend buying at this level with objectives at the 200 day moving average periods and objective end at the fractal formed at 1.2945.

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