Right now the currency pair has drifted below its intraday trend line, and it may be heading South toward the next support level at 1.2672.(Asia session, 11:45 am Beijing/Singapore Time , Tuesday), Further below it may head toward the next support level at 1.2543.
It seems that EITHER Traders/Investors are still haven't digested the Euro Bail out Packet of 900 B , OR in general are doubtful on its successful implementation and effectiveness.??
I am personally thinking that the Euro/Usd will be in aN extremely Bearish zone in the next few days /months !!
My immediate Target is 1.2500.
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