Forexzilla.org

Probably the long awaited correction in EUR/USD has begun. On the daily candlesticks charts were formed a hammer reversal pattern, followed by e white candle with large body confirming the beginning of the retracement. The question is if this is just a correction of the new downtrend or a continuation of the previous uptrend? No one knows the answer, except the guys with big money who manipulate the market. Probable targets of the correction are 1.4386/430 and 1.4570. If the market goes above 1.4910/50 the former uptrend is intact again. Support is @ 1.4130, 1.4040 and 1.3880/50.