EUR/USD Forex Technical Analysis 29 of November 2013

 

 

The EUR/USD shared currency pair is now keeping the trading sentiment tight between the 1.3600 and 1.3620 levels looking for a fixed position in the close vicinity of the 1.3610 point right down in the middle.



Analysts recently announce that the European Central Bank’s cut influenced the trading cross to settle in the proximity of the 1.3620 point everyone is looking towards the E.C.B. for sustainability. Right now the main influence will be coming from the E.M.U. figure release about the inflation index this will eventually lead to a strong support point to appear close to the 1.3560 trading point.

 
For the time being the EUR/USD shared currency pair is now on the upside by a positive value of +0.03% in the close vicinity of the 1.3608 level showing some strong resistance points starting with the 1.3619 level continuing with the 1.3628 point and ending with the 1.3647 point.

 

On the other side of the medal by breaching the 1.3564 level this would clear the way towards the 1.3558 point at first followed by the “desired” 1.3529 level.

 

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High = 1.3623

 

Low = 1.3597

 

 

S3 = 1.3518    S2 = 1. 3554    S1 = 1.3585   chart294

 

 

R1 = 1.3641    R2 = 1.3676     R3 = 1.3710

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