FOREX TRADERS

[Ataglance2]

EUR/USD – Euro bulls continued to keep the pair above the 1.1900 figure as price action remained subdued after EUR/USD stalled above 1.1864, a level marked by the 23.6 Fib of the 1.2588-1.1639 USD rally. As dollar bulls resume their advance and once again push the pair lower, a move below 1.1864 level, will most likely see EUR/USD head lower and target euro bids around 1.1778, a level marked by the December 30 daily low, and with sustained momentum most likely seeing the EUR/USD decline toward 1.1704, a level defended by the December 7 daily low. A further collapse of the euro’s bids will most likely see the pair decline toward 1.1639, a level established by the 2005 Low, and acts as a gateway toward the next psychologically important 1.1500 handle. Indicators are favoring dollar bulls with both negative momentum indicator and negative MACD trading below the zero line, while neutral oscillators give either side enough room to maneuver.