EUR/USD Forex Analysis 14 of January 2013

 

 

The EUR/USD “fiber” currency pair continued resting in the vicinity of the 1.3359 point at the beginning of the week, the long awaited release of the Italian numbers brought little satisfaction in the trading area mostly because all traders expected something more from these figures nonetheless the industrial quarter has showed that the I.O (the Industrial Output) went up by 0.9% on a general analysis.

All traders believe that the announced value of the United States debt is only a mediocre solution for ongoing problems also this event will have a small effect on the trading feeling.

 

All EUR/USD predictions are beyond the value of 1.3435 compared to the early 1.3733 value for the second quarter, but today hopes are still up as most traders will try to move the momentum past the value of the 1.3249.

The trading momentum is now at the 1.3354 point some support is expected at the 1.3336 point very close to the 1.3249 “peak” and finally the 1.3192 point.
On the other side of the coin the short breach of the 1.3487 point would clear the way to the value of 1.3491 and lastly the 1.3550 pinnacle.

 

 

High point= 1.3405

 

Low point = 1.3348

 

Trend index = 0.12% Strongly Bearish

 

 

 

Support 1 = 1.3296                                                  Resistance 1 = 1.3413

Support 2 = 1.3262                                                  Resistance 2 = 1.3447

Support 3 = 1.3229                                                  Resistance 3 = 1.3481