Since then, it has seen a slight bounce back to current levels, last at 1.3175, 10 pips below its starting price. With little euro-specific data on the economic calendar this Friday, apart from the German CPI numbers for March, the market is expected to be driven by sentiment. .
Technical Analysis EUR-USD for april 13 2012: “EURUSD’s bounce from 1.3033 extends to as high as 1.3212. However, the rise is treated as correction of the downtrend from 1.3385, another fall to re-test 1.3003 support would likely be seen after correction, a breakdown below this level will signal resumption of the longer term downtrend from 1.3486 (Feb 24 high), then deeper decline towards 1.2624 (Jan 13 low) could be seen.”
EUR/USD Recommended Levels april 13 2012
Today's support: - 1.3117, 1.3083, 1.3060 and 1.3044(main), where correction is possible. Break would give 1.3028, where correction also may be. Then follows 1.3009. Break of the latter would result in 1.2984. If a strong impulse, we would see 1.2963. Continuation will give 1.2928.
Today's resistance: - 1.3237(main). Break would give 1.3264, where a correction is possible. Then goes 1.3272. Break of the latter would result in 1.3293. If a strong impulse, we'd see 1.3326. Continuation will give 1.3362.
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