EUR/USD Forex Analysis 13 of February 2013

 

 

 

The EUR/USD currency pair left behind the 1.3500 level and is now going towards the 1.3470 area, this event occurred right after the release of retail sales figures in the United States, these numbers were clearly way past all prediction, actually sales went up by a +0.1% in the month of the first year of 2013 nonetheless the full +0.2% increase took place because of the automobile sector sales.

Meanwhile in the United States the calendar will be full today with the release of the (B.I.) Business Inventories during the last month of the year 2013, predicted around the +0.3%.

For the time being the trading momentum is on a +0.10% value close to the 1.3468 level also the path towards the 1.3577 level will be open and finally the 1.3598 point.
On the other side of the coin all major support levels are expected to appear close to the 1.3364, 1.3325 and 1.3300 levels.

 

 

High point= 1.3521

 

Low point = 1.3438

 

Trend index = +0.17% Slightly Bearish

 

 

 

Support 1 = 1.3409                                                  Resistance 1 = 1.3522

Support 2 = 1.3375                                                  Resistance 2 = 1.3556

Support 3 = 1.3342                                                  Resistance 3 = 1.3590