16 January EUR/USD outlook

Jan. 16, 2013, 5:07 a.m. • By Yura Safronov • 0 Comments Bearish trend was indicated on both MACD and Stochastic oscillators on Tuesday, January 15th. Long term trend preferably stands on bearish bias. But traders should take into account that the pair is very sensitive to the fundamental factors at the moment. Currently the pair stands on the following critical levels: R2- 1.3452 R1- 1.3380 P- 1.3321 S1- 1.3252 S2- 1.3193 As long as the pair stands below the daily pivot at 1.3321, the pair stands on bearish bias down to 1.3122. However breaking above 1.3321 traders could expect targets towards 1.3508 level. R=Resistance P= Daily Pivot S= Support