EUR/USD: we are seeing the correction mature in this market.The spike higher on Friday then its abrupt decline is correcting the advance from 1.2041. We see key resistance now at 1.2500. Before that level lies 1.2403 and 1.2310.I mentioned in my weekly analysis yesterday that, we have seen some volatility in this market last week. However, the models have remained consistent. It would appear that a short term bottomA short term bottom is at least formed at 1.2042. We see a resistance level now at 1.2404 and above that can test the 50% retracement level at 1.2747.Other support levels are: 1.2040, 1.2115 and 1.2133.
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