As you can see, the market is doing a rectangle consolidation after a strong breakout of some importance resistances. Unfortunately, due to some instability and insecurity in Europe, I don’t have a big clue or a strong feeling about the future of EUR/USD, this in medium/long term. In short term, we must have some attention about breakouts. It’s all a question of breakout’s. If it will do a bullish breakout we can see the 1.32500 as a good target. If not, and make a bearish breakout, we can see 1.28500 as a good zone to cover the shorts.
This article doesn’t excuse a reading of a discloser.