EUR/USD: Sell bellow 1.34 – For January 22, 2013 (daily strategy)
The EUR/USD pair is consolidating below 1.34 and above 1.3240. Bearing it in mind our strategy should be bearish, but we must be cautious as the market is going to move in both directions. Thus, with a daily closing price of 1.34 the pair may rapidly go up to the psychological level of 1.35 and then the path to 1.38 will be free. On the other hand, closing daily graphs below 1.3240 (fractal), there will be a very strong downward pressure until the key level of 1.30. If you look at the graph in technical indicators, you may observe a bullish signal, so we must wait until we have a clear signal to sell.
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