EUR/USD Forecast January 17, 2013, Technical Analysis

The EUR/USD pair fell during the session on Wednesday as the bearishness continued in the Euro. However, we are starting find support just below the 1.33 handle, and as a result it looks like the buyers may step back into the marketplace. Also of note is the fact that there seemed to be a lot of pairs that look like they’re about to turn “risk on” at the end of the session on Wednesday, and as a result we may see a general running from the US dollar. The certainly won’t hurt this pair, and as a result we should see much higher prices. On a break of the highs from the Wednesday session, we are more than willing to start buying at that point.

EUR/USD Forecast January 17, 2013, Technical Analysis

Credit : FX Empire Analyst - Christopher Lewis