Geithner comments suggesting some hurdles left in the debt deal, has led to the EURUSD moving back lower. There is a comment from US Senator Durbin saying White House talks have Friday deadline for an agreeement.
The price is currently at the level that held support yesterday afternoon when the price pounded against the 100 hour MA/trendline. A move below this level will next target the 100 hour MA (blue line in the chart below) which is now down at the 1.4097 level.

July 13th, 2011
Paul Smith
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