EUR/USD Mid-Day Outlook

Feb 8 2010

With 4 hours MACD crossed above signal line, an intraday low might be in place at 1.3585 and bias is turned neutral. Some more consolidations could be seen, but upside should be limited by 1.3852 support turned resistance and bring fall resumption. Below 1.3585 should target 61.8% retracement of 1.2329...