By | May 12 2010 2:51 AM

EURUSD : The EURUSD is currently tradin! g at 1.2620 levels after touching a high of 1.3087 levels couple of days back. As expected retracement is OVER. Overall the scenario remains bearish for Euro. We had advised exporters to cover at 1.30 levels for medium term (refer 2 days update). We again look towards 1.24 levels to happen in 1-2 months timeframe. (EURUSD - 1.2620)