“20 SMA holds a strong bullish slope, supporting the bias, while bigger time frames show also some exhaustion in indicators: pair corrective movement then could reach the 1.2860 area, where late buyers will likely join the rally,” said Valeria Bednarik, collaborator at FXstreet.com.

Thu, Jul 15 2010, 23:01 GMT
http://www.fxstreet.com