EUR/USD Forex Analysis 17 of January 2013

 

 

The EUR/USD fiber currency pair continues increasing its values close to the 13350 value since the grand European opening today. The bond auction announcement in Spain brought a slight growth to the trading feeling, all values are now supported on the upside all traders announced that so far today trading has been going very well in both European Area and the United States.

The United States debt problem continues to sit in the lime light and all investors are hesitant when trading everyone is blaming the political inefficiency of the US “fiscal cliff”.

Nonetheless all traders announce that there are many efforts being made in the fiscal policy branch, also there are plenty of doubts regarding the management of the political system in the United States

The EUR/USD currency pair found new and fresh support around the 1.3265 point .Some corrections are expected to appear around the resistance point of 1.3403.

 

High point= 1.3378

 

Low point = 1.3270

 

Trend index = +0.61% Slightly Bullish

 

 

 

Support 1 = 1.3238                                                  Resistance 1 = 1.3307

Support 2 = 1.3204                                                  Resistance 2 = 1.3341

Support 3 = 1.3171                                                  Resistance 3 = 1.3474