20050624 The chart pttern looks like double bottom forming. If it holds, the atrget of 1.2400 (now looking not good) may pan out. Analysts and traders are now saying "The Euro has a date with destiny to reach 1.2000", dog piling into the short trade at these levels do not give good return. They are 90% wrong with what they say, just like when eurusd was at 1.2900, the big 3, Merrill, UBS and Deutsche, supposedly the biggest 3 fx trading houses all were calling for "Euro will reassert the bull" 

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