EUR/USD Corrective phase likely underway.
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EUR/USD continues to weaken since its 17 September high (1.3172). A corrective phase is likely underway and should lead to a test of the support at 1.2755 (11/09/2012) in the short-term.
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The lack of base formation or sell-off suggests that the recent Euro strength is a rebound within an underlying downtrend. The current weakness near the 38.2% retracement of the decline from May 2011 to July 2012 suggests limited shortterm upside potential and the start of a new down phase.
Sell limit 3 at 1.3050, Objs: 1.2790/1.2510/1.2250, Stop: 1.3310.
выбираю альтернативный иррациональный вариант. на рост ))
