Technical analysis EUR/USD 17 January 2013

AppId is over the quota
AppId is over the quota

Support at 1.3250 is a strong obstacle and did not allow the price down below. Retreat from this level retired the couple to growth and now the pair is trading at 1.3240/50. The growth to these levels was observed in the past comments as a signal to the resumption of growth, and therefore it makes sense to consider the options for the “bullish” scenario, which includes the price to rise once the goal set at the level of 1.3470/80. At the same time, lack of indicators are all showing evidence of the high proportion of uncertainty in the market, which smooths out the continued rise expectations and offers to await fixing prices above 1.3360/70 resistance for definitive conclusions. Now the chances of the “bears” to return to power remain high and the next trading fall to 1.3250 will return priorities towards a downward movement.

EUR/USd - 17.01.13


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