EUR/USD pair is consolidating after re-touching the 1.3400 highs

EUR/USD: consolidating under resistance The EUR/USD pair is consolidating after re-touching the 1.3400 highs. There is a lot of overhead resistance and it will probably fall temporarily with a target at the range lows at 1.3250. Eventually the bull-trend will probably re-assert with a decisive break above 1.3410 leading to a continuation up to 1.3490. There is substantial resistance from the 50-month and 200-week MA's around 1.3520, which could stall further progress.

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Comment by Francesc Riverola on January 18, 2013 at 11:15am

Priya... please put titles to your blog posts.... I had to put a title myself

Comment by Pratik Lalka on January 22, 2013 at 3:53pm

very nice insights.. priya.. 

Comment by Srinivas dev on January 22, 2013 at 4:08pm

Can you please explain the basis of your forecast. Do you use any Technical indicators or some other method that you can share?


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