EUR/USD: Pointing for a downward correction

The EUR/USD seems to have found a short term top in yesterday’s high of 1.3586, and points for a short term downward correction this Thursday: trading around 1.3550 support, the 4 hours chart shows indicators heading lower in positive territory, with RSI ready to reenter below the 70 level, with a pretty vertical slope. As long as below mentioned high, there’s room for a bearish movement towards the 1.3485/1.3500 level, where buying interest should resume.

A break above the daily high on contrary will expose the upside up to 1.3660 today, although with US NFP data tomorrow, market players may prefer to stay quiet today.

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