Jun 18, 2010

EUR/USD stayed in tight range above 1.2143 last week as consolidations continued. More sideway trading cannot be ruled out. But in case of another rise, we’d expect upside to be limited by 38.2% retracement of 1.3691 to 1.2143 at 1.2734 and bring fall resumption. On the downside, decisive break of 1.2143 will confirm down trend resumption and should ...