After a sharp decline the euro resumes a short-term bullish movement. Bearish movement was evident in technical indicators, for example indicator Momentum had already broken the moving average of the MACD, indicating bearish signal, when the price reached the maximum of 1.3708, you can see in the chart below. This morning in the American session the euro is resuming its bullish strength, but this pair is likely to remain under pressure until 1.3427, fractal level of 1.3413. This area in the past weeks had been a very strong level of resistance, as it has now become the strongest support that the pair must break. Therefore, we recommend buying the level that we have indicated in the chart below.
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