with ECB interest rate statement looming ahead, the EU was a little changed today after sliding slowly from session high at around 1.4555. Well, it is interesting to note the daily chart pattern which seem to suggest that sellers are strong above the 1.4550 area. In the daily chart price did not manage to close higher than the bearflag ceiling which might suggest that the bears are still in control. If we do see a convincing break below 1.4450, then we might see 1.4300/4200 again.
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