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03.04.2012 06:42 PM
EUR/USD: Sell Bellow 1.3405 - Fractal Analysis for April 03, 2012

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EUR / USD has entered a zone which seems not to be exceeded - 1.34, but without yielding firm of 1.32, only data for the next few days concerning the ECB's monetary policy and employment in the United States appear to be able to give a faster rate.
From a technical point of view we can notice the formation of a fractal 1.3324, if the sequence continues downward, we recommend buying at 1.3245 level which is the lowest fractal zone, and near 1.3220 – a weekly support, or if the euro increases your quote, then we can sell during the next fractal pullback from 1.3405 with targets at 1.3230.
The range indicator shows that the euro is overbought.

 

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