EUR/USD Forex Analysis 19 of February 2013

 

 

 

Today’s European opening brought a new scenario of possible low values for the EUR/USD currency pair, the debut was marked by the 1.3350 figure followed close by the 1.3334 level nonetheless all investors are now eyeing the trading range of the past week which is positioned within the 1.3322 level.

Most traders are now waiting for the German Z.E.W. survey and for the release of the E.M.U. figures in the European Union
Many analysts believe that the trading momentum will reach the 1.3282 point any second today considered to be a target point.

 

A short recovery in the vicinity of the 1.3520 figure would clearly slow down any bad scenarios.

 

 

 

High point= 1.3366

 

Low point = 1.3334

 

Trend index = 0.00% Strongly Bearish

 

 

 

 

 

Support 1 = 1.3336                                                  Resistance 1 = 1.3395

Support 2 = 1.3302                                                  Resistance 2 = 1.3428

Support 3 = 1.3269                                                  Resistance 3 = 1.3461