empty
 
 
25.07.2013 06:14 PM
EUR/USD - Sell below fractal 1.3230 - for July 25, 2013 (daily strategy)

The euro has started to lose accumulated profits. The fact that it could not close above the daily fractal level 1.3228 increases the likelihood of a decline of the pair until the next fractal. Now immediate support is located at 1.3068. This pair is a little quiet, which means that soon we will see strong movements in this pair. This pair has always been affected by Federal Reserve data, which is its main driving force. However, there is concern that the FED begins to reduce its quantitative easing in September and that will raise the value of the U.S. dollar. If you take into account the weakness of the European economy, it is more likely that in the next few weeks the euro reaches the level of 1.30.

This image is no longer relevant

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

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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