The pair is currently @ 1.2259 on the 0.618 Fibo Support We could bounce @ trend line the S4 @ 1.1625 or a little lower @ the 0.786 Fibo @ 1.2198 area. Upper target is the 0.382 Fibo @ 1.2326. A break out targets the 1.2148 bottom.

EURUSD-08-10-2012.jpg