FX.co ★ EUR/USD intraday technical analysis and trading recommendations for January 28, 2013

After ten days of continuous ranging between the levels of 1.3275 and 1.3380, the price has broken the upper limit level and has rose to the next resistance level of 1.3485, a level which is in addition to being a resistance level, is being a target level of breakout mentioned above.
A breakthrough above the price level of 1.3485 is likely to achieve the full target level of the "reversed head and shoulders" pattern, at the level of 1.3590 initially.
On the other hand, a blocking of the current bullish trend will initially lead the price to support level around 1.3380 where price action should be watched.