August 28, 2009
Current level-1.4335
EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523.
Yesterday's break above 1.4285 neutralized the negative sentiment and the pair is back in the previous range. We are rather bearish here for 1.4050 with a risk limit above 1.4367.
Full article
