EURUSD: 1.4187
Outlook: The Euro has rallied strongly for the past day or so, but it's still way too early to confirm a bullish market. The market is now overbought, so there's a chance that it may move lower at any time. Only a solid move above 1.4334 with be a strong positive sign, and the market is bearish as long as the current level remains. A drop below 1.4140 will likely coincide with a sell signal from the hourly Stochastic Indicator.
Strategy: Shorts favorable on a break of 1.4140 with 40 points stop. Target=1.4030.