Entering text into the input field will update the search result below

Forex4you Technical Analysis 09 January 2013

Jan. 09, 2013 5:30 AM ET
LigaForex profile picture
LigaForex's Blog
22 Followers
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

EUR/USD: boxed in

The EUR/USD pair is consolidating in a narrow range today although the mid-term trend remains up. A break above the 1.3093 highs could lead to rally to a tight group of pivots at 1.3120, with a break above those levels necessary for a reassertion of the bull trend. A move below the 1.3055 lows could see a move down to the 1.3000 lows, whilst a major trend-line provides support at around 1.2970.

Analysis by: Joaquin Monfort

Forex4you analyst

Disclaimer:

Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You