EUR/USD Daily forecast for Jan 25th , 2013 by MBCFX.com
http://www.mbcfx.com/news/news_en.html
http://www.mbcfx.com/news/news_en.html
The EUR/USD still
trading within a bullish channel, and reflecting an upward trend on the short
term trading, but a downward trend on the
medium term in the next week.
The EUR/USD has reached the first target1.3355
that we have expected yesterday. Today, we expect the EUR/USD would reach the 1.3404-1.3386
area.
And this is confirmed
by the Weighted CCI indicator, which started breaching the 0 level,
so it reflects a bullish wave on the short term trading.
We have also mentioned that the
MA Ribbon Filled indicated that the prices
have succeeded in breaching up the top of the ascending cloud, and this signals
an upward trend towards the mentioned levels.
As for the key resistance level, it lays at the 1.3404 level, which is
indicated on the chart of yesterday , through the
Pivot Point, that gives us sell signals, then the EUR/USD would decrease
to the 1.3306 level
Notice : We advice our dear traders to follow us on
Facebook and Twitter, in order to receive the economic and fundamental news of
the market.
