Yesterday the euro managed to break the 1.34 level, because ZEW data in Europe and Germany came out better than expected. This level was higher than expected and boosted the price of the euro. This morning in the U.S. session we noticed that the euro is trading at 1.3385 with indecision. We may notice the price range is narrowing and the euro is likely to come up to the level of 1.3485, strong resistance and down to the 1.3306 level. Any move outside this range will open the new sequence of the pair. In the meantime, it only oscillates between these two levels. So we recommend you to observe these levels before placing an order in the market.
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For detail explanation and best discovery on market trends you may visit via EUR/USD 1.3306 and 1.3485 (key levels) - for February 20, 2013 (Daily Strategy) . Thanks for your support on EUR/USD 1.3306 and 1.3485 (key levels) - for February 20, 2013 (Daily Strategy)
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