Forex4you Technical Analysis 02 Jan 2013

EUR/USD: At range highs

The EUR/USD has risen strongly to the range highs and the weekly pivot. There is the possibility, either of a break higher, with a decisive break above 1.3300 leading to to a move up to the monthly pivot at 1.3355 and then 1.3400. Alternatively, it could continue consolidating and move back down into the range, targeting 1.3220 support initially and then range lows perhaps at 1.3180.

Analysis by: Joaquin Monfort
Forex4you analyst

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