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EURUSD breaks below the upward trend line
Tuesday, September 4, 2012 20:00
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EURUSD breaks below the upward trend line on 4-hour chart. Further decline to test 1.2465 key support would likely be seen, as long as this level holds, the fall from 1.2636 could be treated as consolidation of the uptrend from 1.2241, and another rise towards 1.2700 could be expected after consolidation. On the downside, a breakdown below 1.2465 will indicate that lengthier consolidation of the longer term uptrend from 1.2042 is underway, then further decline to 1.2400 area is possible.
