Forexzilla.org

The market is becoming normal after final months of the last year. EUR/USD broke the flag formation to the upside after the NFP was released last Friday. Obviously the overbought conditions prevented another leg up and now the market is consolidating on intraday basis. Move and close above 1.4824  will lead to test of the all time high @ 1.4967. If the support around 1.4650/60 is broker next target is 1.4570 and then we can see a deeper  correction towards 1.4200. Today the swiss names were on both sides of the market.