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EUR/USD: buy long above 1.2850 – daily strategy for July 04, 2013

Posted at July 5, 2013 Categories : Forex Analysis |

The euro collapsed before the data remained strong above 1.30, but when it became known that the ECB’s monetary policy remained unchanged, the euro fell to the level of 1.2877.  This level is now recovering, therefore you can buy at this level, with objectives at 1.2945 and 1.3048. Observing the chart, we expect the euro to bounce slighly to 1.3050,  where it will be possible to define the trend: if it rises above these levels, it could be bullish for the euro. Alternatively, it will be just an opportunity to sell at the levels of 1.2779 and 1.25. in the medium term. 

 

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