Euro Dollar has been on a short term downtrend for the last few sessions. However, for now, the bears seem to be exhausted. Our analysis shows the big players no longer interested in the continued down move. For now we see short term buying on EURDOLLAR as from around the price levels of 1.2077 to atleast a price level of 1.2147. We are expecting the trades to hit this level before this week finishes.