Euro-dollar Analysis, August 13th 2012 (English language)

This is an update for the Euro-dollar cross for August the 13th, 2012:

Both bullish and bearish scenario, respectively above 1.2490 and below 1.2203, are still in place.

Above 1.237 EUR/USD price will formally be in a wedge. If that happens I will explain it in the next video.

Have a great week!