Chart of the Day : EUR/USD

As long as most of the news yesterday were negative for the dollar specifically the increase in the Initial Jobless Claims in the U.S., the EUR/USD has strengthened and  reached the 1.4518 level.
As for now, the pair is trading at 1.4485, and it’s expected to test the lower levels of the upward moving channel 1.4390  1.4437.
However, should the prices retreat upward and don’t succeed in breaching the 1.4437 level, it’s probable to resume an uptrend reaching 1.4518

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