The EUR/USD pair has bounced off the major trend-line from the July '12 lows. It is currently encountering resistance from the 200-day MA at 1.3025-30, although its starting to break tentatively above. If it manages to break higher, then it will probably rally up to the down-sloping trend-line from the Jan '13 highs at 1.3060. A break above that, however, would be key in confirming an up-trend and targeting 1.3295 at first. For bears to get interested, they would require a break below the the 1.2795 lows. However, the former 1.2745 lows could provide initial support, followed by the downside target at 1.2580.