Forex4you Technical Analysis 13 Feb 2013

EUR/USD: rebound continues

Eurodollar's bounce from the trend-line and the monthly pivot has continued higher and reached 1.3470. Today we have had another thrust higher and it will probably continue. There is an inverted H&S on the hourly chart with a price target at 1.3500 and another target is 1.3640. Alternatively a break below 1.3355 lows would give bearish confirmation that the trend lower was resuming.

Analysis by: Joaquin Monfort
Forex4you analyst

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