On our left (click on to enhance on separate window), we see the EURUSD futures chart. It´s very difficult to speculate on this cross at present levels. The blue rectangle covers a bearish trap. The limit to this movement is 1.17, so from a medium term view it´s very probable that we reach the lower support. However, as we could appreciate in the 2 oscillators, the EURUSD is way oversold on the last Fibonacci retracement, so it´s also very posible that we see some kind of increase in the euro in the short term. For the moment, just wait and see.21/02/2010
