Attached is the 1H chart for EURUSD. Amidst all the fall yesterday, this pair has shown amazing strength. Though i had predicted some slowness in the uptrend and some exhaustion as well, i would expected it to fall much more when all the other pairs were falling like nine pins. But this is also good in a way as it makes it much easier to trade all the pairs with EUR in it as you can be sure of the strength of the Euro.
Anyway, as expected, the Euro was stuck between the strong support and the resistance and did not move out of it though a lot of other pairs broke their strong supports and resistances.
Overnight, all pairs have made a nice retrace back to their supports turned resistances. Today is a big news day with lots of news coming out later in the day in the London session. It should be an interesting day with EU continuing to range within 1.41 and 1.4350. I do not expect any breaks away from these atleast till the news comes out. After that, we have to wait for a break of either of these prices and take the trade in that direction.
On the downside, there is support at 1.4150 and a very strong one at 1.41. On the upside, there is strong resistance at 1.4210, 1.4250 and then at 1.4331.
For today, i expect ranging for most of the day with a breakout later in the day after news release. I would expect a breakout on the upside considering all the strength shown so far.
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