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EUR/USD Forecast 23 Jan 13

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by , 01-23-2013 at 10:26 AM (485 Views)
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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.

[I]EUR/USD chart[/I]

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.

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