What will happen to the EUR/USD?

Will the price reach the low of January 2012 (1.2600/20). If the Eur/Usd breaks this area, we can go for the 1.2550 support for now. If you have short trades running, stay short with at least a small part of your position. In case the price bounces in the 1.2600 area and the pair moves up, get out of your short trade and use the bounce to look for long trades. In case of a range at support, wait and look for a clear direction before you do anything.
Good luck!

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