Wed, 20 Jun 2012 07:30:36 GMT
EUR/USD is rallying
EUR/USD continues to bounce off an accelerated uptrend support despite the pair dipping occasionally and thus constantly shaking the view the price is able to advance further. While an initial resistance is located at 1.2743, the first considerable level is likely to be encountered at 1.2800/20, followed by an even more formidable area that stretches from 1.2881 to 1.2984.