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Monday, 12 August 2013

EURUSD - back to watching the 1.3300 level again!!!

The EURUSD is a bit more interesting today.  It reached its target on Thursday 1.3400 exactly, and then rejecting it almost immediately trading back down to 1.3300 today.  We're back to watching that level again, a close above or below could indicate which direction it will head tomorrow.  We've got divergence on Momentum indicator once again (highlighted in light blue lines).  Keep an eye out of the MACD, as we could be in for a cross down if we start printing lower numbers.

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