EUR/USD Forex Analysis 6th of March 2013

 

 

The EUR/USD shared currency is now shadowing many important low points in the proximity of the 1.3033 this happened immediately after the early release of the economic calendar in the European zone this actually came in order with a strong cross in the forth quarter increasing its value by +0.6% and +0.9% in the last 12 months.

In the European area the data release is over nonetheless meanwhile in the United States “part of town” many traders are now waiting for the release of the A.D.P. figures, the F.O. (the Factory Orders) and lastly the Fed’s book.

For the time being the EUR/USD currency pair is marked by a negative value of -0.13% close to the 1.3033 level.
Significant support points can be found in the vicinity of the 1.3010 level clearly way up front of the 1.2982 point and finally the 1.2966 point.
On the other side of the coin breaching the 1.3075 level would open the door towards the 1.3085 level and lastly the 1.3101 point.

 

 

 

High point= 1.3072

 

Low point = 1.3024

 

Trend index = -0.19% – Slightly Bearish

 

 

 

 

 

Support 1 = 1.3031                                                  Resistance 1 = 1.3097

Support 2 = 1.2998                                                  Resistance 2 = 1.3130

Support 3 = 1.2966                                                  Resistance 3 = 1.3162