EUR/USD Forex Analysis 27 of February 2013

 

 

 

The EUR/USD currency pair is on a wild trend today bouncing in a new range in the close vicinity of the 13145 level nonetheless many investors announce that a risk sentiment is very consistent today.

All traders are now quietly waiting for the early release of the F.C.S. data for today (the French Consumer Spending data) also the release of the Producer Prices will turn many heads, all of these announcements will be followed close by the release of the G.D.P. numbers in Spain in Q4.

For the time being the EUR/USD currency pair is on a positive stance by +0.04% in the close vicinity of the 1.3145 value, some resistance will be met close to the 1.3200 level way up front of the 1.3319 and 1.3371 levels.

On the other side of the coin a short breach of the 1.3042 level would open the way towards the 1.3032 level and lastly the long awaited 1.3019 zone.

 

 

 

High point= 1.3166

 

Low point = 1.3130

 

Trend index = +0.05% – Slightly Bearish

 

 

 

 

Support 1 = 1.3090                                                  Resistance 1 = 1.3197

Support 2 = 1.3057                                                  Resistance 2 = 1.3230

Support 3 = 1.3025                                                  Resistance 3 = 1.3264