EUR/USD - 1.3627 Daily Market Outlook - Feb 12

 @ibtimes on February 12 2010 4:19 AM

The single currency fell sharply to 1.3595 yesterday, suggesting the correction from last week's low of 1.3585 has ended earlier at 1.3840 and consolidation with downside bias would be seen, however, breach of said support needed to confirm recent downtrend has resumed and extend marginally but price should hold well above 1.3484/90.    On the upside, a breach of 1.3695 would prolong choppy trading and bring rebound to 1.3740/50 but said resistance would remain intact.

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