Yesterday the euro had a pullback to 1.3292, below the key level of 1.3308. As we mentioned yesterday, it was a chance to sell this pair. At this time it is trading at the level of 1.3204. It is likely to continue with the sequence bassist, a close below the low of 1.3180 will be the beginning of a more prolonged fall to the level of 1.3075. The fact that it could not overcome the psychological level of 1.33 is a very bearish signal, but we observe the level of 1.3150, resistance level of the previous weeks.
We must watch with attention to fundamental data on the so-called "tax precipice" in the United States. If negotiations fail, there is a good chance that this pair will fall, and that the entire risk appetite is affected. The trend indicator is showing a continuation of the bearish movement.
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com
