USA debt crisis is over but still no reaction from the pair. We shall trade it in a range today as all are waiting for the mr.Trichet speech on Thursday. It is expected for the ECB to leave the rate unchanged, and i'm expecting the same, and also the rate not to change till October but that's another talk. Ahead of ECB interest rate decision, non-farm payrolls change and FOMC meeting on 9 aug we witness a GOLD rush. A South Korean bank has bought some 25 tons of GOLD yesterday, nice huh :) So the GOLD price is expexted to rise more, i don't expect Korea to loose money. There is a panic on the financial markets and GOLD jumped nearly 200 USD for the last 40 days and we may see it very soon touching 1700 - a completely crasy situation. And now back on the EUR/USD - as i've said we shall trade it in a narrow range between 1.4130 and 1.4280. Finally 1.4330 should hold but i do not expect to reach it today. A clear break of 1.4130 is also less possible. We have the potential to test the 1.40 again but not today. Keep your stops above 1.4330 and stay tuned for more updates later today.