Hi all hope that you have past a nice weekend 
here is the news of the day !
We notice on the weekly chart of EUR/USD that the prices started its downward movement since May 1, 2011, then he witnessed some corrections in an upward channel to reach the Fibonacci 38.2 % at the 1.385 level.
So we expect it will continue its general downward movement towards the 1.2905 level and it if breach down this level, the next target would be towards the 1.2850 level.
However, before the prices resume its downward movement, it will rise to recover the Sunday gap of the 1.3070-1.3090 area.
Good luck
here is the news of the day !We notice on the weekly chart of EUR/USD that the prices started its downward movement since May 1, 2011, then he witnessed some corrections in an upward channel to reach the Fibonacci 38.2 % at the 1.385 level.
So we expect it will continue its general downward movement towards the 1.2905 level and it if breach down this level, the next target would be towards the 1.2850 level.
However, before the prices resume its downward movement, it will rise to recover the Sunday gap of the 1.3070-1.3090 area.
Good luck
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