05th Apr - EUR/USD Pullback Nears Key Support
05 April 2013
WEEKLY CHART:
The 3-leg, non-impulsive upmove from a mid-2012 low failed just ahead of a 61.8% recovery level.
DAILY CHART:
Continuing EUR/USD weakness , following breach of the channel base projection, has neared the key support area comprising the 1.2678 61.8% level and 1.2660 Nov low. A rebound from around here would not be a surprise technically, and any buyers on s/term dips have a clear risk level.
Note resistance now offered by the underside of the old channel, at 1.3225 currently.
Next story:
11th Apr - Wheat Reaches Long Term Support Line 
Previous story:
03rd Apr - Cocoa Recovers to 23.6% Resistance