EUR/USD Mid-Day Outlook

by Action Insight (All Reports) on July 29, 2010

EUR/USD rises further today and is now pressing mentioned cluster level of 1.3105/3123 (38.2% retracement of 1.5143 to 1.1875 at 1.3123, 161.8% projection of 1.1875 to 1.2466 from 1.2149 at 1.3105). We'd stay neutral and continue to focus on reversal signal. Break of 1.2968 minor support will flip intraday bias