Hi all,

Sorry for coming to this forum after a long time but was quite busy with the recession condition going on in the market. anyways here is the analysis of yesterday of this pair:

EUR/USD closed lower on Tuesday due to profit taking as it consolidated some of Monday's rally but remains above the 10-day moving average crossing. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing are needed to confirm that a short-term low has been posted. If it renews this fall's decline, weekly support crossing is the next downside target.

Regards