EURUSD Analysis 2012.07.11

[Forex | Euro vs US Dollar] It’s likely that EURUSD will decline. A break above (1.2334) could be a threat to the bearish scenario targeting (1.2509) even (1.2549). On the downside, immediate support is at (1.2175). Break below that area should keep the major bearish scenario intact testing (1.2075) areaShorting EURUSD is advisable for today.

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Posted by Chris on Jul 11 2012. Filed under Forex Reports. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry