EUR/USD
Bearish reversal on daily charts after the less hawkish than expected Trichet and almost exactly as expected NFP numbers. Telegraph says that: EU politicians are mulling using an obscure treaty article to curb financial speculation, in an attempt to force down oil and food prices and counter the influence of hedge funds. Now when even the EU beaurocrats foun out that the speculators move the markets these days may be their influence will be under control.
We are still above the steep uptrend line and the support @ 1.5670 is pivotal. If we see a clear break below this level the uptrend of the last 3 weeks will be violated. Next support levels are 1.5625 and 1.5550. Resistance is 1.5835 and 1.5910.