Having reversed higher from its .50 Fib Ret (1.1875-1.2466 rally) at 1.2169 and the 1.2162 level, its Jun 14′10 low on Wednesday to close higher at 1.2303, risk of a return to its Jun 28′10 high at 1.2396 continues to shape up. A break of there will push EUR further
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EURUSD: Strengthening And Targeting The 1.2396 Level
– July 2, 2010Posted in: Forex Technical Analysis