Forexzilla.org

After a volatile day EUR/USD staged a modest rally after the London close. Some correction is cooking but the market still is not able to take the resistance @ 1.4820/30. Eurozone’s PMI was better than expected but EUR could move only 30 pips after the numbers were released. EUR/USD is forming a base for stronger correction towards 1.4980 but the prefered strategy is to sell the rallies and the progres higher will be difficult. Support is @ 1.4630 and 1.4530.