This analysis is based on today's technical's without a clear top. The bullish trend may continue to the 3rd zone of resistance. If a new high is reached this analysis should be ignored.
If failure of the current bullish trend occurs. Look for the first area of support between 1.2387 and 1.2331 before another possible attempt at a bull run. If the bearish trend continues look for support at the following areas.
2nd: 1.2264 - 1.2176
3rd: 1.2040 - 1.2002
4th: 1.1678
This scenario ignores all news that may effect the EURUSD.
If failure of the current bullish trend occurs. Look for the first area of support between 1.2387 and 1.2331 before another possible attempt at a bull run. If the bearish trend continues look for support at the following areas.
2nd: 1.2264 - 1.2176
3rd: 1.2040 - 1.2002
4th: 1.1678
This scenario ignores all news that may effect the EURUSD.