Daily analysis for EURUSD, 23.10.2012

On Monday, there was a slight rise of the euro. The pair opened at levels of 1.3023 and took upwards from its start. Around the middle of the day EURUSD  made several attempts to pass through the resistance of 1.3169, but it failed, so ultimately the pair finished in value of 1.3065. If EURUSD keeps its upward movement, it is expected soon to make another test of 1.3169 resistance. On a downside movement, the euro may find support around the level of 1.3011.

Support: 1.3011, 1.2890, 1.2802;
Resistance: 1.3069, 1.3169;

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