empty
 
 
07.02.2013 06:37 PM
EUR/USD bearish outlook - for February 07, 2013 (Daily Strategy)

The euro was trading at 1.3543 this morning in the American session. We have drawn a line from a low of 1.30, projecting an uptrend. The pair is trading above this line. It has already had three attempts to break this channel this morning. If you look at the chart below, the momentum indicator is showing a bearish signal, which will be confirmed with the break in the line trend. So we recommend selling below 1.3485, because at that level there is the daily fractal, and if the euro closes the day below this level, it is likely that for the next few days there is a correction to the level of 1.3250, the next fractal. Therefore, we recommend selling the pair only if it the requirements are fulfilled.

This image is no longer relevant

If you need personal consultation, contact me via e-mail: [email protected]

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback