EUR/USD Forex Analysis 22 of February 2013

 

 

The EUR/USD “fiber” currency pair remained calm at the start of today’s trading session put waiting for the German G.D.P. numbers to take shape many traders believe this will be a very good influence for the fourth quarter. Overall the economic calendar in Germany increased by a value of +0.6% and +0.2% on a yearly range according to all predictions.

In the European Union every trader is now waiting for the release of the I.F.O. numbers in Germany and for the release of the G.F. numbers (Growth Forecasts).

Many traders believe that the trading sentiment will keep a steady point close to the 1.3200 level nonetheless everyone feels that the release of the I.F.O. figures and the second tier data from Italy will clearly influence the trading cross.

For the time being the trading momentum up by +0.16% close to the 1.3211 level with some support levels at 1.3280, 1.3367 and lastly the 1.3440 levels.
On the other side of the coin breaching the 1.3165 point would open the door towards the 1.3039 value and lastly the 1.3018 point

 

 

 

High point= 1.3223

 

Low point = 1.3183

 

Trend index = +0.14% Slightly Bearish

 

 

 

 

 

Support 1 = 1.3110                                                  Resistance 1 = 1.3241

Support 2 = 1.3078                                                  Resistance 2 = 1.3274

Support 3 = 1.3045                                                  Resistance 3 = 1.3307