The EUR / USD pair has stopped after the ascending movement to the second weekly resistance 1.3391. Fractal is located near 1.3405 at this moment trading above the weekly W_R1 and fractal 1.3324. We believe that the euro will try again to break the 1.3390 level on the other side of the quote below 1.3330 triggering the further declines towards 1.3230 or 1.3170.
The range indicator is in overbought area and the MACD is in negative zone, breaking through the signal line from top to bottom, confirming a signal for Sell-deals.
Therefore, we recommend selling in 1.3390 with a target to Fractal (50,50,10) to 1.3244 or to 1.3230 weekly pivot point; Stop Loss is to be placed above 1.3405 Fractal.
