EUR/USD continues to trade in a funny manner. Candles with relatively large bodies and different colours appear on the charts. All the correlations and relationships in the forex market are changing on daily basis and are not reliable. Probably the summer season is the main reason for this and we have to wait for September to see any directional move. Its direction si absolutely unclear. The interest rate differentials and the relative economic performance of the US and EZ suggest EUR/USD below 1.30. The risk appetite (this is simple GREED imho) is favoring 1.50. Only time will tell who will win.
Support is 1.4200, 1.4080 and 1.4010/00. Resistance is 1.4270, 1.4330 and 1.4450
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