Tue, 21 Aug 2012 07:40:51 GMT
EUR/USD: bulls do not give in
Even though EUR/USD crawls higher, it remains inclined to breach an uptrend support at 1.2353/22 and then target some of the lower levels at 1.2263, 1.2206/1.2194 or even 1.2134, since the market is suggested by the weekly technical indicators to become down-oriented. In the meantime, resistances at 1.2392 and 1.2438/53 should contain the currency pair from above.