Eur/USD

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Staying out at the mo. But you cant rule out it taking the 1.2415, but it is tough going, its had plenty of opportunity to do it today, this morning and now.
I think the key is USD/JPY. As, if this falls, EUR/JPY falls and pressurises EUR/USD. So even if EUR/USD goes up, its going to held back by EUR/JPY losses.
 
It hit a high of 1.2415 just now, but no follow through. Interesting. I think its at a stasis at the moment as nobody wants to sell unless it breaks higher, and no-one wants to buy unless its a top. Therefore, staying away until the direction is more clear.
 
I hope you are right but it continues to crawl along the upper channel. what is the significance of 12415 in your view?


Quote from YeahIknow:

Cheers. Surprised at the bounce though. But I think the close on this is crucial today. sub 1.2415 and we are going down.
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