Friday, July 28, 2006 at 02:56 GMT
EURUSD is in up trend, the fall from 1.2770 is treated as in correction to the up trend, further rise towards 1.2861 previous high is possible after 1.2770 level is broken above. Key support is now at 1.2559, only break below this level may signal a reversal of the up trend.
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