No changed in our view, EURUSD remains in downtrend from 1.2671 and the bounce from 1.1876 is treated as consolidation of downtrend. Another fall to 1.1750-1.1800 area is expected after consolidation. Resistance is at the falling trend line from 1.2671 to 1.2326, now at 1.2150, only a clear break above the trend line resistance could bring price back to 1.2300 area.

20100610_eurusd_1.gif
20100610_eurusd_1.gif