The EUR/USD pair is recovering slightly, because the International Monetary Fund (IMF) announced that it would contribute 1 billion euros to an overall financial bailout package of 10 billion euros for Cyprus. This data did not cause too much impact on the euro. Given that EUR/USD has data that does not favor its recovery but it has managed to stay above the 1.2750 level. Now it faces the 200 day moving average at 1.2881, blue color can be seen in the chart. Therefore, you can buy the pair only if the price is trading above this level, with short-term objectives to the psychological level of 1.30 and above to the fractal of 1.3240 dollars per euro.
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com
