After Fed Chaiman Bernanke rather dovish statement, the EUR/USD has found renewed strengh to test again its descending trendline. 1,44 is now a clear resistance to deal with.
As long as the trendline remains intact and below 1,44 we will consider the market in a consolidation mode with choppy price actions going forward.
A break below 1,4130 is now required to consider an acceleration to the downside with a target at 1,39 (long term rising trendline).
Provided by atf-forex-trading.com