EUR/USD Technical Analysis

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(1,3300) The EUR/DOLL confirmed yesterday further consolidation interior the inside day with 1,3410 – 1,3270 still the levels to follow in the coming hours. Only a daily closing below 1,3270 will favour a deeper correction suggesting a break below 1,3250 that will confirm a double top supporting a return toward 1,3100!! The indicators of the daily chart are still well positive but those of the s/t ones are in negative territory supporting further weakness. While below 1,3372 we should be able to see a retest of the key level at 1,3250 and this rtime we favour a break of it supporting lower levels!! We stay on the sideline!

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categories Technical Analysis | January 23, 2013 |

categories EUR/USD

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