EURUSD Analysis 2012.06.29

[Forex | Euro vs US Dollar] It’s likely that EURUSD will decline. A break above (1.2534) could be a threat to the bearish scenario targeting (1.2693) even (1.2743). On the downside, immediate support is at (1.2395). Break below that area should keep the major bearish scenario intact testing (1.2278) areaTry to sell on rallies with a stop loss above (1.2534).

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