EUR/USD (1.2770)

EUR/USD PAIR CLOSED WEAKER THAN EXPECTED AFTER RESISTING AT THE LEVELS OF 1.2910, SINCE AUGUST 04 THIS PAIR IS UNABLE TO SUSTAIN ABOVE THE CRUCIAL 1.2900 LEVELS. ON INTRA DAY BASIS THIS PAIR IS FALLING ONCE IT REACHES ABOVE THE LEVEL OF 1.2910. THE STRONG SUPPORT IS AT 1.2718 (50% FIBO OF 1.2979-1.2456) AND 1.2654 (61.8%FIBO OF 1.2979-1.2456). STILL IN THE PACE OF CONSOLIDATION FORMATION, ONCE WE SEE THE BREAK ABOVE 1.2910 WE SEE THE TARGET OF 1.2980 AND 1.3100 LEVELS...