Special Focus EURUSD 02 05 12

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1 Sunday , 05th of Feb, 2012 SPECIAL FOCUS EURUSD EURUSD: Bullish Momentum Remains Despite Price Hesitation. EURUSD: Despite a marginal lower close due to price hesitation the past week, its broader upside outlook remains intact. The pair must break and hold above the 1.3233 level to strengthen further with eyes on the 1.3375 level, its Dec 12’12 level. On further price extension, EUR should target the 1.3484 level, its Dec 05’2011 high and possibly higher towards its Dec 02’2011 high at 1.3547. Its weekly RSI is bullish and pointing higher suggesting further strength. Alternatively, on any pullback, the 1.3074 level will be targeted where a reversal of roles as support is likely to occur and turn the pair back up. However, if that level is taken out, further declines is expected towards the 1.2856/75 level, its Dec 29’2011 low/Jan 2011 low. Further down, support lies at the 1.2624 level where a loss will resume its medium term weakness and aim at the 1.2587 level, its Aug 2010 low. All in all, EUR continues to retain its corrective recovery tone despite a hitch the past week. To read the full version of this 7 model currency analysis check out FXT Technical Strategist Plus FXTechstrategy Team info@fxtechstrategy.com www.FXTechstrategy.com The Ultimate Technical Research On Forex

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2 This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which FXTechstrategy.com incurs any responsibility. FXTstrategy.com does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report. Click here for full disclaimer

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