Tuesday, January 22, 2013

EUR/USD ~ 22 January 2013

The EUR/USD has been consolidating just above the support at 1.33ish:

If we can hold this level, we should see 1.35ish next. A break below 1.33 though should lead to a decline to 1.315.

Overall, the medium-term trend remains bullish as long as the EUR/USD is above 1.315.