• EUR/USD has thus f ar success f ully tested the support at 1.2877 (07/12/2012 low, see also 200 day moving average) on a daily close basis. However, the succession of lower highs and lower lows is still in place and the current bounce is unimpressive thus far. Monitor the resistance at 1.2996 (18/03/2013 high, see also the declining trendline). Another resistance is at 1.3107 (15/03/2013 high). • The technical improvements, exhibited with the rise from 1.2043 (24/07/2012 low) to 1.3711 (01/02/2013 high), are put in doubt with the bearish breakout at 1.2998 (04/01/2013 low). Monitor the key supports at 1.2877 ... (full story)