2013.01.14: Sky high
EUR/USD
The strong bullish momentum pushed the pair higher once more during Friday�s trading session and the resistance zone created around 1.3290 � 1.3300 was decisively broken. The US Trade Balance was announced at -48.7B, a lot worse than anticipated (-41.1B) and it definitely contributed to the weakening of the US Dollar.
Technical Outlook
Fundamental Outlook
GBP/USD
Friday was a day with no clear direction for the GBP/USD pair and although it broke the resistance located at 1.6130, during the day it hovered above and below it, finishing the week just a few pips above.
Technical Outlook
Fundamental Outlook