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EURUSD pulls back from 1.2668

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ForexCycle.com
, 06-11-2012 at 10:06 PM (649 Views)
Being contained by 1.2670 resistance, EURUSD pulls back from 1.2668. Another rise to retest 1.2670 key resistance is still possible, a break above this level could indicate that the downtrend from 1.3283 has completed at 1.2288 already, then further rise to test to test 1.2823 resistance could be seen. Support is at 1.2410, a breakdown below this level will suggesting that sideways consolidation is underway, and the trading range would be between 1.2288 and 1.2668.



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