EUR/USD was trading at the 1.4205 low, but now at the mid 1.4300 level after a disappointing U.S NFP and unemployment numbers. Intraday bias remains on the upside, as long as the 1.4100 minor support line is not broken. On the upside, if the 1.4575 high is broken it will continue the bullish sentiment and target the 1.4694 major resistance line.

EUR/USD is down to the 1.4300 level, as Moody slashes Portugal’s credit rating to junk. Intraday bias remains on the downside, as long as the 1.4100 minor support line is not broken. On the downside, if the 1.4100 minor support line is broken, we may witness a strong bearish market that would drive the currency pair to the 1.3968/1.3750 major support lines.

EUR/USD climbed to the 1.4520 high, as demand for the Euro increases. Intraday bias will change to the upside, if the currency pair is able to maintain its price action above the 1.4495 minor resistance line. On the upside, the currency pair has broken the 1.4495 minor resistance line which indicates that we have a slight bullish bias at the moment.

EUR/USD bounced off the 1.4100 low and now is trading at the 1.4300 level. Intraday bias remains on the downside, as long as the 1.4495 minor resistance line is not broken. On the upside, if the 1.4495 minor resistance line is broken it will reverse the bearish sentiment to bullish bias and target the 1.4694 major resistance lines.