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EUR/USD Forecast 23 Jan 13

EUR/USD Forecast 23 Jan 13
Wednesday, January 23rd, 2013 @ 3:22 pm by The Geek

Simultaneous Release at
TheGeekKnows.com  Learn Forex Trading and read exclusive EUR/USD Forecast and AUD/USD Forecast 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.

 

20130123-225850.jpg

 

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.

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.

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