12th Jul - EUR/USD Bears Sight 2010 Low
12 July 2012
MONTHLY CHART:
The fall back from the 76.4% resistance area has seen a return to the long term 50% retracement level. Not much below here is the 1.1875 Jun-10 low. A break below this would call for lower targets.
DAILY CHART:
Fresh 2012 lows are now being seen. While interest is as much in the long term charts, here note potential support offered by the bear channel base, at 1.1675 currently. Only a recovery through the channel top would temporarily sideline the bears.
Next story:
12th July - Watch the Yen Bonds go bid 
Previous story:
12th Jul - Wheat Has Sprung to Life