EUR/USD Forex Analysis 25 of January 2013

 

 

The EUR/USD currency pair reached the high 1.3400 point this value will increase even more if the European currency gets higher and higher in its predicted value most traders are waiting for the early release of the jobless claims in the United States the impact on the US dollar will surely be significant.

Some traders have announced that they are currently waiting for the release of the link between the jobless numbers and the non-farm payrolls, this is probably the most awaited release of the week nonetheless some investors are not yet convinced of the final effects of this wave on the trading session.

The market has currently shifted to buying heavily the European currency.

 

The momentum is now close to the 1.4000 point of +0.07% some support is expected next to the 1.3265 level this reach would clearly target the 1.3248 and 1.3235 points.

On the other side of the coin a short breach of the 1.3398 point would clear the way to the 1.3404 and last but not least the 1.3451 point.

 

 

 

High point= 1.3390

 

Low point = 1.3349

 

Trend index = +0.08% Slightly Bullish

 

 

 

Support 1 = 1.3331                                                  Resistance 1 = 1.3439

Support 2 = 1.3298                                                  Resistance 2 = 1.3473

Support 3 = 1.3264                                                  Resistance 3 = 1.3506