EUR/USD Forex Analysis 31 of January 2013

 

 

The EUR/USD “fiber” currency pair is now in the close vicinity of the 1.3586 level also the European single currency lost some of the consistency to the cross and obviously generated a strong stance compared to theUnited Statesdollar

 

Most investors will more than likely wait for another important social event or an early release before a successful trading can continue, most traders are still waiting for the release of the United States G.D.P. figures, the F.O.M.C. conference and for the release of the early payrolls report.

Nonetheless the EUR/USD currency pair is now between the 1.3540 level and the 1.3585 point a fairly tight range as many consider it to be, also there will be a new stand between the 1.3550 and the 1.3560 points.

Most traders announce that the EUR/USD currency pair will continue to stay under the 1.3586 point and a short move close to the 1.3485 zone is expected to appear thus buying interest would gain strength.

 

 

 

High point= 1.3586

 

Low point = 1.3541

 

Trend index = -0.09% Slightly Bearish

 

 

 

 

Support 1 = 1.3525                                                  Resistance 1 = 1.3631

Support 2 = 1.3419                                                  Resistance 2 = 1.3665

Support 3 = 1.3457                                                  Resistance 3 = 1.3699