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| July 11, 2012 |
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Date: 11.07.2012
Major Currency Pairs: EUR/USD USD/JPY GBP/USD
July 11, 2012 - Current level - 1.2255
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The currency pair EUR/USD continues its downward trend and we expect to test 1.2150. Only eventual break above 1.2406 could change negative attitudes.
July 11, 2012 - Current level - 79.28
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As far as the price action remains above 79.20, it will be reasonable to expect a new test of 80.60 and 81.45. Downward movement could be anticipated only if USD/JPY break and hold at levels below 79.20.
July 11, 2012 - Current level - 1.5514
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The pair is in a downtrend after the unsuccessfull test of 1.57. A break below the support level 1.5450 would increase pressure to test 1.5270.
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