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EUR/USD – Buy above EMA 200 – for July 18, 2013 (daily strategy)
This morning the euro is trading at levels of the exponential moving average of 200 days (EMA). This is a critical level, if the pair closes the day below this level it is more likely to continue until 1.30. Yesterday the US dollar appreciated 0.3 percent to $1.3087 per euro in a second daily advance. Therefore, it is recommended to buy at 1.3070 levels with goals in the first weekly resistance of 1.3260.
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The material has been provided by InstaForex Company – www.instaforex.com