EUR/USD Mid-Day Outlook

by Action Insight (All Reports) on July 30, 2010

At this point, EUR/USD is still struggling below 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) but stays above 1.2968 minor support. We'd stay neutral and continue to focus on reversal signal. Break of 1.2968