Despite falling sharply from 127.95 to 123.43 (yesterday's low), as the single currency staged a strong rebound from there suggests correction from 127.95 has possibly ended at 123.43 as wave ii and gain to 126.22 (61.8% Fibonacci retracement of 127.95 to 123.43) is seen but break of 127.00/10 is needed...

http://www.actionforex.com/action-insight/...20100409110623/