Forecasts
Forex Guides
Members

EUR/USD Forecast 3 Jan 13



Good day forex traders and koalas.

With the holiday season still around, trading should be on a risk managed basis. The uncertainty is high and hence the money traded should be only those that you can afford to lose if all goes bad. Risk averse folks should probably wait until next week.

20130103-225116.jpg

Looking at the EUR/USD 4 hourly chart above we note that the forex gap has closed up and the currency pair is on a significant slide. With 1.3100 tested now, a breach may see us knocking at 1.3. This will be probably a major support to defend against the bears. Now something tells me that the markets are getting over the initial sense of relief for the US fiscal cliff deal and the worst may yet be over. Tomorrow brings us the crazy margin call Friday event. The US Non-Farm Payroll. Caution advised as usual.

Trade safely.

Invest In Yourself And Get Premium Analysis
Less than 20 cents a day
Major Currency Pairs Analysis
Forex Sentiment Analysis
Understand The Market
10 days money back guarantee

View Subscription Options

Would you like to connect?
Get notifications on new forecasts and articles.

Sign up to our emailing list and get your FREE Stop Losing and Start Winning in Forex Checklist!

Trending Forex Articles

  • eur usd weekly forecastEUR/USD Forecast 3 Jan 13
  • Retail forex traders open positionsEUR/USD Forecast 3 Jan 13
  • EUR/USD Forecast 3 Jan 13
  • EUR/USD Forecast 3 Jan 13
  • EUR/USD Forecast 3 Jan 13
  • EUR/USD Forecast 3 Jan 13
TheGeekKnows