Daily FX Analysis

December 31, 2012
EUR/USD During Friday’s trading session the pair had another collision with the support formed at 1.3170 but the level proved once again too strong and price was rejected higher.
December 27, 2012
EUR/USD Yesterday the pair had a move into higher territory after the bounce from the support level formed at 1.3170. It seems that traders around the world were eager to start placing trades again after a day off and that resulted in a reasonable 85 pip move for the pair.
December 25, 2012
EUR/USD The pair had quite a strong movement considering it was Christmas Eve yesterday, bouncing from the strong support formed at 1.3170 and moving about 50 pips higher.