EURUSD Analysis – July 6, 2013

EURUSD is facing 1.2796 support, a breakdown below this level will confirm that the downtrend from 1.3711 has resumed, then the following downward movement could bring price to 1.2000 area. Initial resistance is at 1.2980 and the key resistance is at 1.3100, only break above these levels could trigger another rise towards 1.3600.

eurusd daily chart