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FX.co ★ EUR/USD - Key level 1.3214 - for July 24, 2013 (daily strategy)

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Forex Analysis:::2013-07-24T15:29:39

EUR/USD - Key level 1.3214 - for July 24, 2013 (daily strategy)

The euro reached 1.3255 at its high of the day so far, due to a series of data from Germany and France related to manufacturing, with better than expected figures. It has given the euro bullish strength, but we note that in the American session this pair is falling, while the Momentum Indicator is showing a bullish signal. Maybe just a pullback continues the upward move, but we must be very careful as this pair tries to bounce back above 1.3214. If this area is broken and 4H chart is located below, this will be a good chance to sell this pair up to 1.3104 support.

EUR/USD - Key level 1.3214 - for July 24, 2013 (daily strategy)

If you need personal consultation, Skype: gerardofx or contact me via e-mail: gerardo.porras@analytics.instaforex.com

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