EURUSD analysis for Week 6

FX:EURUSD   Euro / U.S. Dollar
After forming multi-months high at 1.2530 level, price fell back to the 1.2400 key level and consolidate for a while. I'm now pretty neutral on this pair. However, some sort of pullback can be expected. If we see a break below the parallel channel , my target for the correction could be around 1.2230 where 8 EMA located on weekly time frame