EUR/USD Forex Analysis 15 of January 2013

 

 

The EUR/USD currency pair is in the vicinity of the 1.3368 point this event took shape immediately after the early release of the Italian inflation numbers during December 2012. Actually the C.P.I. went up from +0.2% to +2.3% on a yearly range, most traders already announced this release was below all expectations of +0.4% and +2.5%.

The trading feeling is now close to the 1.3381 high mostly because the EUR/USD currency pair for the moment is embracing a new change in European area regarding the auctions bonds.

All traders believe that the release of United States retail sales will bring a big spark of reaction to the trading feeling in the market, obviously this event will grant wide support to US Dollar.
The momentum is now down at the 1.3362 point waiting for some support close to the 1.3336 point next up by the 1.3249 and 1.3200 points.

On the other side of the coin a breach of the 1.3404 point would clear the way to the 1.3487 point and lastly the 1.3491 point.

 

High point= 1.3395

 

Low point = 1.3334

 

Trend index = -0.18% Strongly Bearish

 

 

 

 

 

Support 1 = 1.3359                                                  Resistance 1 = 1.3428

Support 2 = 1.3326                                                  Resistance 2 = 1.3462

Support 3 = 1.3292                                                  Resistance 3 = 1.3495