EURUSD: The market is a far cry from rechecking the 1.28s now. Last week’s U-Turn nullifies earlier bullish potential coming with the positive weekly candle the week before last. A long-term (2010-2012) trendline is under pressure after breaking the 2012 low (1.2242). If not stopping here at a short-term 127.2% Fibo extension ref or at descending line of support now at 1.2160 and/or the 161.8% Fibo projection ref at 1.2140, the 2010 low of 12042 would become fully exposed.
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