EUR/USD Forex Analysis 4th of March 2013



The EUR/USD “fiber” currency pair continues hovering in the close vicinity of the 1.3000 level on the debut of the trading session this event occurred immediately after the early release of the unemployment figures in Spain, thus enhancing by 59.400, lower that the common 77.500 predicted value.

Many traders believe that the trading sentiment of the EUR/USD currency pair will definitely increase in value all over the trading week.
Analysts believe that there are many important signals these alerts indicate that the uptrend of the cross will be shadowing the moderate values of the trading momentum.

For the time being the EUR/USD shared currency pair is down by a value of +0.08% in the close vicinity of the 1.3003 level nonetheless heavy support is expected close to the 1.2967 level, along with the 1.2929 point and lastly the 1.2910 level.
On the other side of the coin breaching the 1.3101 level would clear the way towards the 1.3163 value and lastly the “desired” level of 1.3200.




High point= 1.3032


Low point = 1.2984


Trend index = -0.17% – Slightly Bullish





Support 1 = 1.2925                                                  Resistance 1 = 1.3061

Support 2 = 1.2892                                                  Resistance 2 = 1.3093

Support 3 = 1.2860                                                  Resistance 3 = 1.3126