EUR/USD analysis (July 15, 2011)

The pair did stall out yesterday ahead of 1,43 which offers a great resistance. This level is at a confluence of several moving averages (20, 50 and 100). Besides, the pair has also validated a pullback towards the former daily triangle.
We might see the Euro resuming its move to the downside.
A break below 1,4110 (yesterday low) would probably confirm a bearish bias with an expected new test of 1,39 (200 moving average).