While the larger (multi month) EURUSD trend is down, watch for formation of a secondary low in a b wave this week. In fact, a low may be in place at 12150. Expectations are for wave c to work higher, eventually exceeding 12490. 12675-12765 (100% extension) is a target area. 12230 is short term support.
DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.
