EUR/USD 1.3282 - 13 January
Open 1.3359 High 1.3466
Low 1.3247 Close 1.3356
On Friday Euro/Dollar was unsuccessful to keep the bullish impetus. Despite the awful news about joblessness in the U.S. Dollar, strengthen versus the Euro. On a daily basis, a second downward triangle formed with least amount target 1.3020. Yesterday's base was 1.3296, and final price 1.3356. Today begin with an experiment at lower levels. For the moment, levels in the region of 1.3235 were seen as shore up for the currency pair. Next potential support is expected if broken can reach around 1.3080 levels. Candles on the four-hour chart show dithering movement, but the week is motionless in the beginning. This week's actions would be driven by figures on retail and inflation index (PPI, CPI) in the United States. The CCI indicator crosses downhill the 100 line on the daily chart indicating downhill direction pressure.
R1 levels: 1.3375 1.3445 1.3560
S1 levels: 1.3235 1.3080 1.3000
Trading series: 1.3295 - 1.3230
Trend: Descending
Sell at 1.3282 Stop Loss 1.3312 Target Price 1.3242
Open 1.3359 High 1.3466
Low 1.3247 Close 1.3356
On Friday Euro/Dollar was unsuccessful to keep the bullish impetus. Despite the awful news about joblessness in the U.S. Dollar, strengthen versus the Euro. On a daily basis, a second downward triangle formed with least amount target 1.3020. Yesterday's base was 1.3296, and final price 1.3356. Today begin with an experiment at lower levels. For the moment, levels in the region of 1.3235 were seen as shore up for the currency pair. Next potential support is expected if broken can reach around 1.3080 levels. Candles on the four-hour chart show dithering movement, but the week is motionless in the beginning. This week's actions would be driven by figures on retail and inflation index (PPI, CPI) in the United States. The CCI indicator crosses downhill the 100 line on the daily chart indicating downhill direction pressure.
R1 levels: 1.3375 1.3445 1.3560
S1 levels: 1.3235 1.3080 1.3000
Trading series: 1.3295 - 1.3230
Trend: Descending
Sell at 1.3282 Stop Loss 1.3312 Target Price 1.3242




