Forexzilla.org

Very interesting pirce action yesterday. First we saw a break below the key 1.4630 level and new low @ 1.4570, which is just 40 pips above the double top tartget. Then we had a short squeeze and a rally in EUR/USD towards 1.4740. Today probably we’ll see if this rally was just a positioning for a larger sell off towads 1.4530 or a beginnig of bigger correction towards 1.4915 and even 1.5130. Be very careful next few days because the big guys are cooking something. Use stops and don’t take large positions until the picture bemoes clearer. Support is @ 1.4630, 1.4570 and 1.4530. Resistance is @ 1.4740/50, 1.4810, 1.4915.