EUR/USD Forecast 23 Jan 13
by, 01-23-2013 at 11:26 AM (492 Views)
Simultaneous Release at
TheGeekKnows.com [URL="http://thegeekknows.com/"]Learn Forex Trading[/URL] and read exclusive [URL="http://thegeekknows.com/"]EUR/USD Forecast[/URL] and [URL="http://thegeekknows.com/"]AUD/USD Forecast[/URL] Reviews.
Good day forex traders.
In the previous EUR/USD forecast we noted that the bearish and bullish targets are 1.3280 and 1.3400 respectively. Any sustained trend would need to see either target taken out.
Looking at the EUR/USD 4 hourly chart above we do note that the forecast was correct. The currency pair remains bounded by the support of 1.3280 and resistance of 1.3400. I love it when my charts work! Ha! My forecast remains that we need to breech either one decisively before expecting more momentum.
[B][URL="http://thegeekknows.com/2013/01/eurusd-forecast-23-jan-13.html"]Don’t miss the fundamental analysis,
continue on to TheGeekKnows.com for the fundamental analysis of the EUR/USD Forecast Weekly Review to understand more about the underlying market sentiments.[/URL][/B]