Forexzilla.org

Today EUR/USD posted a new low for the current downmove @ 1.4630. The market is near the measured target of the double top which is @ 1.4530 and probably will be reached before a decent retracement occur. Today ZEW index is released but probably it will be worse that expected and give another reason for EUR sales. Do not attempt the buy EUR/USD before 1.4530 is reached or a base is formed. Until then sell the rallies. Support is @ 1.4630 and 1.4530. Resistance is @ 1.4770 and 1.4815.