6th June 2013 7:30 GMT
There are still lot of emotions about possible Head and Shoulders pattern on Daily chart. Red line on chart is neckline and breaking it should trigger rapid down trend. Some institutions like ANZ (Australian and New Zealand Banking Group) think that this pattern is forming within range and it will not work.
As we can see on chart price is going to 1.32400 and it will negate H&S pattern. Short term suport is around 1.30600, key one is on 1.3000.
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