EUR/USD Forex Analysis 21 of February 2013

 

 

 

The EUR/USD currency pair has gained some territory today touching the key-point support level of 1.3200, yesterday’s F.O.M.C. figures came in as a surprise to all traders because today it still continues to influence the trading sentiment. The early release of the P.M.I. figures will lead the cross in the downside of the trading momentum.

Meanwhile in the United States the C.P. were released (the Consumer Prices) this consists of a short report labor progress and the manufacturing numbers.

For the time being the trading momentum is on the downside by -0.74% in the close vicinity of the 1.3184 level, many support points can be seen at the 1.3039, 1.3018 and lastly the 1.2998 levels.
On the other side of the medal breaching the 1.3367 level would definitely open the door towards the 1.3440 point and the desired 1.3456 level.

 

 

 

High point= 1.3291

 

Low point = 1.3168

 

Trend index = -0.78% Slightly Bearish

 

 

 

 

 

Support 1 = 1.3196                                                  Resistance 1 = 1.3360

Support 2 = 1.3163                                                  Resistance 2 = 1.3393

Support 3 = 1.3130                                                  Resistance 3 = 1.3426