Techincals:
EUR: 1.2990/2 first major horizontal resistance followed by the last 2 weeks high 1.3071, and 1.3172 on the hourly chart. On the Daily chart, upside we find 1.3282 followed by 1.3383. On downside we have first support level coming in 1.2824, followed by 1.2803/2 on the hourly chart. Below this (D chart) we have the 1.2738/45 area where we find the 38.2% fibo ret (L 1.2040/ H 1.3172) and horizontal level from the high of 18.06.2012. Next support is the 1.2604/0 represented by the 50% fibo ret (L 1.2040/ H 1.3172) and the 1.2600 psychological level.
see the rest of the article at: fxbanko.com/archives/734
EUR: 1.2990/2 first major horizontal resistance followed by the last 2 weeks high 1.3071, and 1.3172 on the hourly chart. On the Daily chart, upside we find 1.3282 followed by 1.3383. On downside we have first support level coming in 1.2824, followed by 1.2803/2 on the hourly chart. Below this (D chart) we have the 1.2738/45 area where we find the 38.2% fibo ret (L 1.2040/ H 1.3172) and horizontal level from the high of 18.06.2012. Next support is the 1.2604/0 represented by the 50% fibo ret (L 1.2040/ H 1.3172) and the 1.2600 psychological level.
see the rest of the article at: fxbanko.com/archives/734