Wednesday, July 12, 2006 at 00:09 GMT
EURUSD may be bottoming and is forming a sideways consolidation on 4 hours chart, up trend will resume after key resistance at 1.2861 is broken above. On the other side, key support is at 1.2706, if this support is broken below, the pair has bottomed at 1.2707 (the day low of July 5), and the next cycle bottom would be after July 14.
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