By Mohammed Isah of fxtechstrategy.comNEW YORK ( fxtechstrategy.com) -- The euro-dollar currency pair (EUR-USD) has halted its recent weakness and begun a recovery, but we would like to see it decisively violate 1.3494, its Dec. 14 high, to convince us it will make further recovery gains. If it does clear that level, the euro-dollar currency pair should next target 1.3785. A violation there would then expose 1.4281, a level reached in early November. After that, the next target would be the Jan. 17 high at 1.4413. > > Bull or Bear? Vote in Our Poll If 1.3494 caps the currency pair's gains, however, the bias would be to the downside, with the pair targeting 1.2967. A break of that level would leave the pair targeting 1.2713 and maybe even 1.2600. Overall, the euro-dollar currency pair has triggered a recovery, but it has to break and hold above the 1.3494 level to convince the market that further gains are on the way.