EUR-1.2638 9th Jun,2006 Pre-European Update. No change in view, We forecasted a decline in Euro during the US session and we did not get a chance to initiate a sell at 1.2790 levels and the market declined towards our target. For now the pair is well supported above 1.2630 and if this level is cleared then we can see euro decline further towards 1.2600 and 1.2570 levels, we would prefer to initiate buy on dips near 1.2600 for a move higher towards 1.2700 levels.
Buy @ 1.2600 for 1.2680 min with stop below 1.2570.
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