Euribor Forecast – 21st January 2013

March 13 ticked below 99.69 support but did bounce as hoped to the 99.73 target. Above 99.74 today look for 99.77. Support at 99.72/71 then 99.69/68 lows. A break lower targets 99.64/63.

June 13 just held on to 99.61 to hit the 99.68/69 target and topped here. Next target is 99.70 then 99.72/73. Support at 99.64/63 then 99.61 lows. Below 99.61 however sees 99.59 then 99.55/54.

Sept 13 hit strong support at 99.54/53 and bounced from here as hoped reaching our second target of 99.64 and topped exactly here. A break higher targets 99.68 then 99.70 before 99.72/73. Support at 99.60 then 99.56 before 99.54/53 to hold the downside once again.

Dec 13 tested strong support at 99.48/47 and as predicted we found a floor here. The recovery reached the second target of target of 99.58/59 and topped. Above here today look for 99.62/63 then 99.66/67 above. Some support at 99.55 then 99.50 before last week’s low and a buying opportunity once again at 99.47.

Euribor Forecast – 21st January 2013
Euribor Forecast – 21st January 2013

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