EURUSD

EURUSD  Analysis 23rd Apr, 2013

EURUSD  has formed Heads and shoulder pattern with neckline @1.300
Pair is currently consolidated above 50 Period moving average @1.2995

Also pair is showing retraced from level 50%

Downside
if Pair breaks below 1.30( neckline) then Pair may test next support @1.29 &1.2840

Upside
if Pair  breaks above 1.3130 then it may find resistance @1.3220 & 1.3350

Recommend

Sell below 1.3  target @1.2850 &1.2740