EURUSD forecast the week of 13th January, 2014

EURUSD forecast the week 13th January, 2014

Daily Chart

• Resume of bullish momentum is expected this week due to a weaker US Dollar both technical and Fundamental 
• If we break through 1.372 we may see a tripple top or my earlier forecast of a new high of 1.395 

Hourly Chart

• On an 4hr chart the most recent swing was down, so we will look for an opportunity to short it (although it may contradict the daily chart analysis which is a longer term view)
• The 1.372 level is a place to look closely where it has three obstacles (fib retrace 61.8 and two fib extensions confluence)

Outlook Trade opportunity

As 4hr chart suggest, a sell order around the 1.372 level.

Risk Level LOW

Tips -

Always take note of any economical news event on our provided calender below