Thursday, July 13, 2006 at 00:05 GMT
EURUSD is treated as in correction to the up trend, key support now is at 1.2675 low, the pair may bottom at this level. On the other side, a break below this key support implies that the last cycle bottom is at 1.2707 (the day low of July 5), and then further fall towards 1.2620 level is possible, and the next cycle bottom would be after July 14.
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