EUR/USD can see a rise towards 1.2600 level – Kshitij Consultancy

FXStreet (Barcelona) - The Kshitij Consultancy Services Team views EUR/USD moving towards the 1.2600 resistance level but failure to cross this can lead to another downmove.

Key Quotes

“EUR/USD is moving in a narrow channeled corrective formation. We could see a rise to 1.2600 which forms a formidable resistance in charts. Failure to cross 1.2600 would lead to another leg of down move to retest the level of 1.240 and 1.2375.”