Forex4you Technical Analysis 15 Feb 2013

EUR/USD: bearish break

The break below the key 1.3355 level has occurred this morning and could see eurodollar run down to 1.3250 initially, and then eventually possibly even key support at 1.2950. Much depends on whether today remains bearish into the close – if it does then this could be the start of a major leg down, otherwise we may yet see a recovery, although the trend-line at 1.3410 limits near-term upside potential.

Analysis by: Joaquin Monfort
Forex4you analyst

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