EUR/USD Forex Analysis 26 of January 2013

 

 

The EUR/USD currency pair went close to the 1.3119 level for a short period of time, this occurred right after the opening of the European trading session nonetheless many traders noted the 1.3074 level as benchmark for today’s economic activity.

 

For the time being the trading sentiment of the market is increasing its values on the upside of the cross also the 1.3100 point is right around the corner.
Meanwhile in the United States there are many analysts who believe that the Feds opened and closed the Q.E. with little attention given to the actions of the Congress nonetheless the trading momentum of today will search for extra information and accurate details on the Q.E.

Most traders believe that the trading cross will reach the 1.3300 resistance-point today.

 

 

 

High point= 1.3120

 

Low point = 1.3019

 

Trend index = +0.21% – Neutral

 

 

 

 

 

 

Support 1 = 1.2919                                                  Resistance 1 = 1.3191

Support 2 = 1.2887                                                  Resistance 2 = 1.3224

Support 3 = 1.2854                                                  Resistance 3 = 1.3257