Sunday, January 13, 2013

$EURUSD Outlook Update

EURUSD DAILY CHART - The pair finally reach target from previous post (FE 61.8% at 1.3370). expect choppy movements between 1.3100/1.3000 support area and 1.3500/1.3370 resistance area for next week.

EURUSD WEEKLY CHART - Above 1.3500 will extend recovery outlook toward 1.3800/1.4000 near 61.8% retracement level of 2-year high (1.4937) and low (1.2040).

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