Forecast for 15th January 2013 Spot Euro EURUSD has made it to 1.3404 but has failed to hold above the 100 week moving average at 1.3387. Although we are in a solid uptrend we may need to pull back a bit today before the next leg higher. Look for a test of support at 1.3308/00 and a bounce from here. However longs need to keep stops very tight below here as a break then targets 1.3249. Exit all shorts and buy in to longs expecting a low for the correction here with a stop below 1.3225.
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Spot Euro, DJIA, Eurostoxx, FTSE 100, E-Mini S&P, Dax