FX.co ★ EUR/USD: Weekly technical levels for May 13 -- 17, 2013

Weekly technical levels:

Trading recommendations:

According to previous events, the price has still been trapped between 1.3030 and 1.2940.

• Buy above 1.2885 with target at 1.3040, then 1.3100.
• Below 1.3144 look for further downside with the first target of 1.3040, then 1.2925.
• Stop losses should be placed above 1.3210 (for short position) and set below 1.2850 (in case of buying at 1.2885).

If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.