Mon, 24 Sep 2012 07:30:35 GMT
EUR/USD struggles at 1.2953
Bearish correction drags on, putting expectations for continuation of a recovery under threat of being shattered. EUR/USD is persistently moving towards an uptrend support line and the 200 day SMA at 1.2802/1.2765. Nevertheless, for now downward momentum is not deemed to be strong enough to violate them, therefore we favour a rebound from there, although the possibility of an alternative