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Eur/Usd in the short term

Posted on January 12, 2009 at 11:22 in Short-Term Analysis by Valeria Bednarik

As seen last Friday, the pair remains pretty bearish in 4 hours and daily charts, and remains pushing lower: quoting right now just below 1.3400, 1.3358 will be the first support to consider, followed by 1.3310/25 zone, see today minimum and previous week one around there: if the pair manages to break down 1.3250 will be our target zone for today. Regarding resistances, above 1.3436 we have the 1.3470 zone, followed by 1.3520 and finally 1.3560.

Tags: eurusd

2 Responses to “Eur/Usd in the short term”

on 12 Jan 2009 at 6:48 pm1thom

hey looking for an opinion euro should test the downside again unless above 1.3465
on 13 Jan 2009 at 9:36 am2Valeria Bednarik

Hi Thom, tks for your comment.Is tending no doubts: we have the probable rate cut in Europe, and we have the new U.S. president next week, i belive this first Q of the year will give clear clues of the longer term perspective. I will made a longer term post about euro today.
Regards
Val

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