EURUSD 20 July 2012
Hello
Euro was unable to break above 1.2320/30 and rejected from there now is close to 1.2200/20 support, look more bearish in H4 and daily charts, retest of 1.2150/60 is not ruled out for today and even break of this last for downside continuation. Downside move is favored now albeit with slow pace. breaking 1.2320/30 will open doors for more corrective moves maybe below 1.2400.
Thank you
Reza
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Comment by Reza Ajorloei on July 20, 2012 at 1:16pm -
Euro now is around 1.2170, we may see good bounce from here as 3rd leg of correction going up to 1.23 handle again. In case of breaking 2150 bring 1.2100 support in focus.
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