EURUSD: bullish consolidation


On the last week, the pair continued to consolidate in the range indicated above. Currently, the support is located at 1.3270, while the purpose of further growth is projected at 1.3500 area. Today, due to public holiday in the States, I expect low trading activity with the test of the lower range border. But tomorrow the  indexes  of economic sentiment in Germany and the euro area as a whole will be published, a significant increase is expected a  compared with the previous period. This information, of course, can be a catalyst for further growth of the Euro. Do not forget that the consolidation below the 1.3270 support, will lead to a revision of the fractal structure of the graph.

21.01.13 - EUR


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Private trader, Forex4you company analyst since 2007. Research led me to the most complete understanding of the processes taking place in the market. Afterwards, I gave up technical (classical) and fundamental analysis to focus on the price, because it brings all the necessary information. At the moment, I present not only the analytical material that helps to focus on the market, but also training services and analytical platform FAM Generator.