Tue, 28 Aug 2012 06:39:30 GMT
EUR/USD tests 1.2485/63
EUR/USD is slowly eroding the nearest support area at 1.2485/63, violation of which will confirm bearish intentions of the pair and jeopardise subsequent levels at 1.2393/37 and 1.2210/1.2168. Nevertheless, since the downward momentum is not yet strong enough, the pair may be a subject to a rally up to 1.2556/1.2633, but is expected to be stopped there.