EUR/USD Weekly Technical Report 8-12/4/2013
ecPulse
2013-04-08 08:57AM UTC
The pair has showed a strong rebound from 1.2750 zones and is currently hovering around very sensitive areas below SMA 50-valued at 1.3040- as seen on the provided daily chart. The positivity on technical indicators suggests further appreciation but we will not be bullish unless prices take out 1.3040.
The trading range for this week is among the key support at 1.2750 and key resistance at 1.3275.
The general trend over short term basis is to the downside targeting 1.2560 as far as areas of 1.3270 remains intact.
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