Fri, 20 Jul 2012 07:05:03 GMT
EUR/USD to push through 1.2247
The currency pair stabilised just above 1.2274 and should soon make another attempt to breach this support, given that most of daily technical indicators give "sell" signals. Once the initial level is overcome, 1.2161 and 1.2106/1.2063 will become exposed, but will stand against bearish momentum en route towards a medium-term target at 1.1989.