EUR/USD Forex Analysis 1st of February 2013

 

 

The EUR/USD currency pair passed the 1.3600 barrier on early opening of the trading session, this event took place way ahead of the release of the N.F.P. figures in the United States.

Many surveys announce that the United States needs to add another 160.000 jobs in the first month of the year 2013 nonetheless the jobless rates continue to stay unchanged close to the +7.8%.

Most traders announce that the closest support point for the trading session today is very close to the 1.3435 level afterwards the next support will be found close to the 1.3250 level and lastly close to the 1.3170 point.
The momentum is now gaining trading speed touching a value of +0.31% close to the 1.3620 point with some resistance expected at the 1.3630 and 1.3641 levels.
On the other side of the coin a short breach of the 1.3542 point would definitely clear the way towards the 1.3483 and 1.3416 points.

 

 

 

High point= 1.3643

 

Low point = 1.3573

 

Trend index = +0.31% Slightly Bullish

 

 

 

 

Support 1 = 1.3559                                                  Resistance 1 = 1.3614

Support 2 = 1.3526                                                  Resistance 2 = 1.3648

Support 3 = 1.3492                                                  Resistance 3 = 1.3682