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The Eur/Usd, has reached another daily minimum last night, @ 1.2390, although still the 1.2330 zone, this year minimum at the time, needs to be broken to see the pair continuing to the downside. The importance of this 1.2390 is that the pair continues with daily lows, giving us a good idea where the market strength is. Taking a look at 4 hours charts, the pair is quoting close to 1.2490 and if you followed market this days, the tough the 1.2510/30 zone has been to the downside, should be to the upside today: the pair also have a very short term descendant trend line @ there, so the break trough should be clear to see the pair moving up (as indicators are suggesting, not really strongly) with next resistances at 1.2584 and then 1.2630. To the downside, we could fine some support @ 1.2478, followed by 1.2440, the minimum mentioned at 1.2390 and finally the zone @ 1.2330.
