Forexzilla.org

EUR/USD broke to the upside the ascending triangle pattern. MACD shows divergence with the price action but obviously the buyers from Russia and Mid East countries don’t care abot the technical analysis. Some banks and hedge funds are complaining about the excessive volatility as they complained about the low volatility two years ago. The forex market is a little bit crazy and will stay this way until Mr. Trichet realizes exactly what’s going on. Until then the support is @ 1.5910 and 1.5750. The resistance is up in the sky.