EUR-USD Technical Analysis 13 February 2012

Never say never, indeed the EUR-USD is closed to reach the 1.3320 level as discussed in the previous "EUR-USD Technical Analysis". Based on the historical level, this could be the strongest support level for correction. Anything beyond that should be temporary. However that does not meant the price will be starting to go down very soon, based on the MACD and Stochastic indicators there is already sign of flags formations upward for this weeks and the coming week. Otherwise if the unexpected happens it could break higher.