EURUSD failed to break above 1.2791 resistance, *LINK* *PIC*

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EURUSD failed to break above 1.2791 resistance, and stayed in the trading range between 1.2500 and 1.2791. However, the fall from 1.2791 would possibly be correction of the uptrend from 1.2500, as long as 1.2500 support holds, one more rise to 1.2850 area could be expected. On the downside, a breakdown below 1.2500 support will signal resumption of the downtrend from 1.3700 (Jul 1 high), then next target would be at 1.2200 area.

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