As i've said yesterday every drop will be limited @1.4400, I hope that you have entered there LONG. For today some choppy trading is possible during late Asian and early European session. If in the next 2 hours we don't reach 1.4465 and close above we shall go and test 1.44 once again. If you've missed yesterday to Enter LONG there, today you'll have the last chance. I expect the upside movement to be fully restored once above 1.4520.

For now there are some rumors of SHORT orders @ 1.4460-1.4470 with very tight SL, so if we are once up @ 1.4520 bears should be doomed, and bulls will take their place. There is a strong support level @1.4380-1.4360 this will hold for today. Surprises are likely if again S&P does some rating 'gift' to any country. Overseas FED are doing their best to keep news bad so EUR can go higher and higher. It's not a secret that FED wants EUR to go to 1.50, they are doing everything since the beginning of the year.

Tomorrow is the ECB rate decision, rate hike is expected, I think that we shall see rate hike, and EUR will go higher,but not too high. We shall stop somewhere around 1.47 (even below maybe) Remember that ECB rate hike is not news anymore, all traders expect for that to happen, so I think that it's very possible after the sharp rise to see sharper fall and even a full reverse and going down to 1.40 in 2 days or less.

So placing stops is a must. Do not rely on your luck it won't help you.

My forecast for today is the same as yesterday's - Enter LONG @1.44 or somewhere around with 50 pips SL. My position is still open LONG @1.4518 with target 1.4720 besides i've opened LONG gold @ 1510.38

Any comments and questions are welcomed.