EUR/USD Forex Analysis 14 February 2013

 

 

The European single currency behave very interesting today because of the release of the bidding interest in the vicinity of the 1.3330 compared to yesterday’s level, early G.D.P. numbers in the European area changed most of the trading levels somewhere above the 1.3400 level.

Many analysts believe that the trading correction of the euro trend started a bit too early this month than everyone expected, breaching the 1.3310 point will definitely increase the race towards the 1.3270 level

 

For the time being the EUR/USD currency pair lost -0.92% to the trading momentum and is now in the close vicinity of the 1.3327 point going next to the 1.3300 point would definitely reveal the 1.3265 and the 1.3251 points.
On the other side of the coin several resistance levels will start showing at the 1.3442 level, the 1.3472 point and lastly the 1.3520 point.

 

 

High point= 1.3455

 

Low point = 1.3315

 

Trend index = -0.90% Slightly Bearish

 

 

 

Support 1 = 1.3392                                                  Resistance 1 = 1.3487

Support 2 = 1.3359                                                  Resistance 2 = 1.3521

Support 3 = 1.3325                                                  Resistance 3 = 1.3554