Wednesday, July 19, 2006 at 00:35 GMT
EURUSD fell below 1.2478 previous low support, rebound to test the price channel resistance is needed later today, and further fall towards 1.2275 area is possible in next several days. For longer term analysis, the pair is moving lower to reach the next cycle bottom on daily chart, and this cycle bottom will appear after July 27.
|
