![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgz9Oi_uJ9MF_JluErc2XvrA2pdmZy1q_lHJdYMMDtCN0F4bGjHjrqDGGkfQrV8Th7e_51AVtyJRoSMEkBE2fRYvdCpZqZAAPr9hFmgj16A885HhQ6bVFogEEgiO4HY8_6AFBr4JvTg_Lg/s320/EURUSD.png)
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