Forexzilla.org

EUR/USD yesterday made first attempt at the 1.4770-80 resistance. This attempt was unsuccessful. Dealers report offers form Swiss bank and I’d like to remind that orders from this bank preceded every market move in the recent weeks. So be careful with EUR longs. If the resistance is taken out we could expect a rally towards 1.4860 and 1.4970. The market is overbought and if we don’t see negative surprise for the NFP today e correction towards 1.4560-70 is more likely before the next  leg higher.