EUR/USD Completes 38.2% Retracement
December 6, 2012 in Forex Analysis
EUR/USD completed 38.2% retracement of the recent upward move during November 13th to December 5th, 2012. This level zone is expected to come as support and if this support holds then the upward move may resume. However a break of this should bring some more consolidation.
Please check the daily chart of EUR/USD: