EUR USD begins the week with positivity 14/01/2013

The pair opens today’s trading with clear positivity approaching from 1.3400, where continues organized inside the bullish channel appears in the above image, which supports our positive expectations on the intraday and short term basis.

We remain waiting for hitting the main target at 1.3485, and monitoring the price behavior at this level is important, due to it’s sensitivity and strength against the price, pointing that breaching above this level will open the way for more gains on the short and medium term.

Breaking below 1.3300 might postpone achieving the waited move to the upside.

Expected trading range for today is between: 1.3250 support and 1.3550 resistance.

Expected trend for today: Bullish