What is the Next Target
of the EUR/USD / MBCFX Technical Analysis Team 02/01
/2013
EUR/USD
Technical
Analysis
after the release of negative US data
The Euro
recovered against the US Dollar, due to the US negative news, especially the U S
central bank has claimed to continue buying bonds, also, the postponement of the
QE3 program until the end of the year 2013, and the rise of the US Jobless
Claims, this results the aversion of the investors to trade US Dollar in order
to hedge against inflation, so these news have pushed the Euro high towards the
1.3634 level.
We notice on
the weekly chart that the prices have breached almost the Moving Averages, and
the monthly candle has closed within the cloud,
So today we
expect that Euro would continue its rise towards the 1.37 and 1.3680
levels.
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