EUR/USD Forecast - 01.30.2012 to 02.03.2012

EURUSD had another excellent week, gaining over 350 pips almost straight upwards. The single currency was helped by new hopes from Greece and a weaker USD. The EU economic summit starts an eventful upcoming week. Here is our projection for the week, in a technical point of view. 

 

Here are our levels of supports and resistances.

1.3821 – Strong Resistance

1.3640 – Strong Resistance

1.3400 – Weak Resistance

1.3340 – Weak Resistance

1.3305 – Strong Resistance

1.3218 – Close of last week

1.3177 – Weak Support

1.3100 – Weak Support

1.3080 – Strong Support

1.2949 – Strong Support

1.2853 – Strong Support

1.2631 – Strong Support

We remain Bullish on EUR/USD

Although they say the Greek crisis is far from over, Europe is not only Greece. And the so called ‘safe heaven’ has shaken last week. Since the economic indicators to be released this week are projected in favors of Euro, we remain bullish for the pair for this week.  

 Trade AUD/USD now !