EUR/USD Forex Analysis 12 of February 2013

 

 

The EUR/USD “fiber” currency pair left behind Monday’s trading sentiment and is now in the close vicinity of the 1.3460 level, this event occurred right after the increase of the buying interest this moved the momentum by 45/49 pips above the 1.3400 area.

Most traders believe that the S.N.B. figure release brought some new changes which many consider to be completely unnecessary for the time being nonetheless investors will monitor the trading session for today and continue to analyze how the S.N.B. influenced economy.

For the time being the trading momentum is up by +0.37% in the proximity of the 1.3455 level running for the next resistance point close to the 1.3462 level clearly way ahead of the 1.3494 level and lastly the 1.3577 point.
On the other side of the coin a smash of the 1.3360 area would aim for the 1.3325 level and lastly the desired 1.3300 point.

 

 

 

High point= 1.3468

 

Low point = 1.3364

 

Trend index = +0.28% Slightly Bullish

 

 

 

 

 

Support 1 = 1.3381                                                  Resistance 1 = 1.3452

Support 2 = 1.3348                                                  Resistance 2 = 1.3486

Support 3 = 1.3314                                                  Resistance 3 = 1.3519