EUR/USD Forex Analysis 4 February 2013

 

 

 

The EUR/USD “fiber” currency pair is now very close to the important key support level of 1.3600 the debut of the week this event came in shortly after the release of the U.C. (Unemployment Change) in Spain.

These numbers changed by 132.000 during January 2013, headlines estimate that there are over 5 million unemployed nonetheless this result came in very low compared to the predicted 150.000.

For the time being the trading momentum is close to the “fresh” level of 1.3603 a -0.33% trend change nonetheless some support is expected to appear in the vicinity of the 1.3574 point followed by the 1.3542 – low January 31 point.

On the other side of the medal a breach above the 1.3815 point would open the door towards the 1.3833 level.

 

 

High point= 1.3660

 

Low point = 1.3591

 

Trend index = -0.39% Slightly Bearish

 

 

 

 

Support 1 = 1.3607                                                  Resistance 1 = 1.3746

Support 2 = 1.3573                                                  Resistance 2 = 1.3780

Support 3 = 1.3539                                                  Resistance 3 = 1.3815