EUR / USD: Rebound

This was a transitional day begins with a week packed with information mainly Fed day of profit taking but that does not change the technical analysis.

Short-term situation:

Although it appears that the 1.40 support has endured, it is clear that the euro / dollar has lost strength as can be seen showing decreasing minimum and maximum falling in the weekly chart for the first time in many months.

We can see that candlesticks in the last two sessions are characteristics of the very short term oversold, but not alter the technical situation of the market, with or without a major rebound, you should seek the area of 1.37 / 1 , 39 before attempting any significant upward movement.

Trend Situation:

Prices may reach the range of 1.25/1.35 or possibly the lower end of the previous trend located at 1.30.