how high eur-usd exchange rate january 2012

forex trading outlook today - how high eur-usd exchange rate january 2012 ; We start from a lower point. 1.3550 provided support early in September and then switched to resistance after the fall. It proved it can work as good resistance as well, as seen after the Non-Farm Payrolls. 1.3480 managed to stop an attempt to rise in December. It also had a bi-directional role in September.

The 1.3420 line is weaker now but still significant. When this bottom border of the range was broken, it immediately switched to resistance. The level of 1.3380 is the next line. It is a minor pivotal line now once again.. 1.3280 was the bottom in December and is important resistance.

Another line of interest is 1.3212 which held the pair from falling and switched to resistance later on. Very important resistance is at 1.3145 which wad the lowest point seen in the current round of the crisis and was only broken for a short time from the other side

1.3085 was the top border of a very narrow range that characterized the pair towards the end of 2011. It also provided support back in December 2010 and had a pivotal role.

The round number of 1.30 is psychologically important and also worked as some support. After the breakdown, it was shattered. The new low of 1.2945 is still important as a pivotal line after the downwards move.

1.2873 is the previous 2011 low set in January, and still provides strong support. The break was only temporary. 1.2734 worked as support in the summer of 2010 and is the next line below.

1.2640, is a weaker line of support, after working as such during the fall of 2010. The last line is 1.2587, the trough of August 2010. Even lower, 1.2520 is another minor support line, and the last line for now is 1.24.

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