Forex: EUR/USD retreats from 1.2465 to levels below 1.2400
Euro recovery from 1.1875 extended higher on Asian session, to reach a fresh 4-week high at 1.2465, to pull back during European trade, to levels right below 1.2400 at the moment of trading.
The pair remains biased to the upside while 1.2350 level remains in place, says Slobodan Drvenica, technical analyst at Windsor Brokers Ltd: " A higher platform at 1.2350 now underpins advance for a push to 1.2525/1.2560."
On the downside, below 1.2350, Drvenica observes next target around 1.2240: "Under 1.2350/39 would shift focus lower and expose 1.2240, 17 Jun low."
