Mon, 03 Sep 2012 07:13:41 GMT
EUR/USD struggles at 1.2587/1.2619
Despite a pronounced rally of EUR/USD on August 31, selling pressure that has come into play at 1.2587/1.2619 managed to negate bullish impetus and halt advancement of the currency pair. However, the price did not bounce off the downtrend resistance towards 1.2558/35, but remains near 1.2587/1.2619, and thus the upside risk increases, though most of the technical indicators give "sell"