The pair EUR / USD pair is trading within the upward trend due to optimism over the meeting of Finance Ministers of the Eurozone that was held today and covered the topics related to the EFSF and ESM funds.
As to the technical level we can note that the single currency has tried for several times to pass through 1.3390, though it failed. If we look at the chart, we can see a very strong fractal 1.3405 at this level.
We recommend Sell-deals below this level with targets seen at the level 1.3170. A weekly and monthly closure above 1.3405 will change the perspective of the pair targeting the level 1.3490 towards the point 1.36.