EURO $EURUSD $6E_F

currently “battling” in the 1.2440 area, which mas marked yesterday. 

Provided sellers act in this area, it is likely it has seen it highest value, today. So far, lots of chop and rotation within the 1.2420-1.2445 value area in a narrow range.

1.2400 as first POC

1.2350s a first meaningful support

1.2500-1.2450 (area marked in orange) is the one Ill be watching, provided sellers do not take control in the current area.

2012-08-07_1100

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