EUR/USD brakes support at 1.2350/60!

Posted on by 2 comments

eur-usd 03.12.

As I wrote in my EUR/USD analysis yesterday, it will be logical for the pair to test the support at 1.2350/60 again, that’s exactly what happend today. The support didn’t manage to defend the line and the pair fell to the 1.2321 low. This previous support now could become a resistance, and to be honest, I don’t see any major support here until 1.2240/50, previous support from August 2012.

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