EUR/USD Forex Analysis 18 of February 2013

 

 

Today the EUR/USD “fiber” currency pair will trade with some influence from last night’s drop towards the 1.3324 zone, this event took shape after the debut of the trading week in the close proximity of the 1.3350 level.

 
The G20 summit went past the finish line without any additional surprises nonetheless most traders remember the previous G7 conference complete with all political loudness included and its echo will obviously continue to affect the trading sentiment during the rest of the session.

The release of the C.A. numbers (Current Account) came in very early way ahead of European Central Bank’s Mr. Draghi’s conference.

For the time being the trading momentum is in the close vicinity of the 1.3348 level some resistance is expected close to the 1.3415 level followed close by the 1.3440 point and lastly the 1.3456 point.

 
On the other side of the coin smashing the 1.3306 point would clear the way towards the 1.3286 level and last but not least the “desired” 1.3266 point.

 

 

 

High point= 1.3360

 

Low point = 1.3326

 

Trend index = -0.09% Strongly Bullish

 

 

 

 

 

Support 1 = 1.3290                                                  Resistance 1 = 1.3378

Support 2 = 1.3257                                                  Resistance 2 = 1.3411

Support 3 = 1.3224                                                  Resistance 3 = 1.3445