EUR/USD Forex Analysis 1st of March 2013

 

 

The EUR/USD currency pair is now trading in the close vicinity of the 1.3068 level on the first day or March this event occurred immediately after the early release of the M.S. data (the manufacturing sectors) in European Area mostly in France and in Germany compared to the past figures in February 2013.

 

The U.D. (the unemployment data) in Italy went up by a positive value of +11.7% in the first month of 2013, close to most predictions of +11.3% and clearly these values left behind the recently predicted +11.2% value.

For the time being the EUR/USD shared currency is now up by +0.07% in the close vicinity of the 1.3067 level with some resistance expected to appear close to the 1.3100 and 1.3163 points and lastly the “desired” 1.3200 level.
On the other side of the coin a short breach of the 1.3053 value would clearly open the door towards the 1.3041 level and lastly the 1.3018 point.

 

 

High point= 1.3102

 

Low point = 1.3042

 

Trend index = -0.05% – Slightly Bearish

 

 

 

 

 

Support 1 = 1.3001                                                  Resistance 1 = 1.3110

Support 2 = 1.2968                                                  Resistance 2 = 1.3143

Support 3 = 1.3102                                                  Resistance 3 = 1.3176