More at http://daily20pips.blogspot.com/2013/01/candice-swanepoel-is-victorias-secret.html
The bloc currency is orbiting around the 1.3300 figure on Wednesday, although still submerged in the negative territory. Better-than-expected Consumer Confidence in the euro zone was not enough to add more impetus to the euro, which remains locked in a tight range.
According to J.Saettele, Senior Technical Strategist at DailyFX, "A yearlong bottoming pattern has been confirmed as complete and the first EURUSD objective isn't until above 1.3800 (61.8% of decline from 2011 high and where the rally from the 2012 low would consist of 2 equal legs".
As of writing, the pair is losing 0.15% at 1.3302 with the immediate support at 1.3268 (low Jan.22) followed by 1.3248 (low Jan.11) and then 1.3231 (MA21d).
On the other hand, a break above 1.3372 (high Jan.22) would expose 1.3398 (high Jan.18) and finally 1.3404 (high 2013, Jan.14).
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