Fundamental aspect:
If the war between the French and Mali gets more intense, this situation will press the EUR/USD and will hold the uptrend situation.
Long-term technical aspect:
W'e have spotted a divergence betwen the price and the MACD Histogram. When the 1.3384 acts as a strong resistance, its seems the bullish situation for this currency already holds. If the EUR/USD can break the 1.3257, this situation will bring the EUR/USD down to 1.3050.
Intraday technical levels:
Breakout Buy Level: 1.3371.
Strong resistance: 1.3363.
Original resistance: 1.3350.
Inner Sell area: 1.3337.
Target inner area: 1.3306.
Inner Buy area: 1.3275.
Original support: 1.3262.
Strong support: 1.3249.
Breakout Sell level: 1.3242.
DESCRIPTION:
After we look at the fundamental aspect and the long-term technical aspect; it's better we only take a short (Sell) signal for the EUR/USD by the retrachement at 1.3337 with a stop at 1.3371 and the take profit at the 1.3306 as the first target and the 1.3249 as the secondary target. Alternatively, you can go short (sell) at 1.3242 with a stop at 1.3275, the first take profit at 1.3211 and the secondary take profit at 1.3176.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
Email : Arief.jakarta@indo.instaforex.com
Yahoo Messenger & Skype : Arief.ifx_jakarta
