FXstreet.com (Barcelona) - The EURUSD has fallen more than 80 pips in the European session this morning, after touch the 1.2940 top of the day, the pair begun to fall to the 1.2850/60 land at the 11:40 GMT.
In the downside, if the pair break the 1,2850 support, it could go down to 1.2760 and, then, take route to the 1.2700/20, weekly minimum. In the up side, the EURUSD could be back to the 1,2940 resistance and try to break the 1.3070, if this is possible, the pair will have a new attempt against the 1.3100
Tomas Cedavicius, Forex-Trends Analyst, says: EUR/USD bounced back from the support line 1.2713 and possibility to test resistance line at 1.3085 is quite real. But just above the resistance is possible to say something positive about this pair. While this is in the unknown future, market conditions is still neutral.