The euro is reaching the key level. The closure of this pair below 1.32 can lead to a downward course, which in principle has objective 1.27/1.28 area. Next week will be crucial to determine whether the course is viable or not. Now if you look at the chart, the euro has broken the level of 61.8% Fibonacci (blue), which acted as a resistance in the 1.33 area, therefore, we expect the pair's attempt to test the fortress of this level. So we can place our sales strategy in the 1.3275/90 area with short-term objectives at the level of 1.3010. Our fractal of 1.3006 and psychological level of the euro are located.
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com
