FX.co ★ The market manipulations analysis of the EUR/USD by Alexey Portnov for February 16, 2011

As expected, the euro continued to correct within the range. At the moment the price is testing the supply zone near 1.3525-50. The situations is two-facet: both a breakthough and a rebound off this zone are possible.Thus, I will remain of the same opinion: while the price is correcting within the range I do not recommend to make any trading decisions; further behavior of the price will depend on the breakthrough of the range down from the upside or, respectively, up from the downside.

Trading recommendations:
- no trading recommended