Euro-USD: 20 June 2012, Wednesday, 3.12pm Singapore Time

Euro Chart: Euro-USD: 20 June 2012, Wednesday, 3.12pm Singapore Time

Euro-USD Target: $1.30800

Market has too many Euro shortists at the moment. Next immediate target is 1.28500-1.29000 based on Fibo before retracement down to estimated 1.28000 and upwards thrust to above 1.30000. All Fibo movements. Algorithmic distribution will start to come slowly beyond 1.30000. World major financial markets (FTSE, CAC, DAX, MIB, IBEX, HSI, STI, KOSPI, DJIA, S&P500, NASDAQ) will react in positive correlation to Euro.

Operation: Shortists Clean-up (rally to above $1.30000 ) before the next wave down