EUR/USD Forex Analysis 29 of January 2013

 

 

The EUR/USD currency pair is now on the downside very close to the 1.3430 point investors announced that they have recently found some ground for the opening this action has enabled the trading feeling to get back to the previous 1.3455 level.

Meanwhile in Spain the R.S. – retail sales have been released and with this big announcement they bring a small change to the trading momentum from -7.8% compared to the -10.7% in last month of 2012 .

 

Another important event is the release of the C.C. – consumer confidence figures in Germany these numbers went from +5.7 to +5.8 a gentle improvement

 

Most traders are now reviewing the I.P.I. numbers and all have agreed that the -0.5% change will bring little interaction to the current trading session.

Right now the trading momentum will keep the uptrend in the lime light close to the 1.3400 level all traders are indicating to a short movement in the vicinity of the 1.3300 in the near future.

 

 

High point= 1.3461

 

Low point = 1.3429

 

Trend index = -0.11% Slightly Bullish

 

 

 

 

Support 1 = 1.3413                                                  Resistance 1 = 1.3467

Support 2 = 1.3380                                                  Resistance 2 = 1.3500

Support 3 = 1.3346                                                  Resistance 3 = 1.3534