Forexzilla.org

Huuuge sell off in EUR/USD yesterday. Two big figures is a serious daily range for this currency pair. The reasoning of the yesterday’s dollar strength is unclear but probably the strong US stock market and weaker oil were the main drivers. The move was accelerated by the large long euro positions unwinding. The sentiment is bullish for the US dollar across the board. The best strategy is sell the rallies in EUR/USD. Resistance is @ 1.5630 then 1.5735/65. Support is @ 1.5550/35 then 1.5460.