We are still in a range which started last Monday, and we have seen two false breakouts in that time.

A push above 1.4265 will likely test the highs in the 1.4290 area. A break of 1.4300 will signify an upswing with a target of 1.4460 (not necessarily today). Some intermittent resistance is likely in the 1.4350 area.

Support is likely to be seen by the 1.4165 level, with 1.4120 and 1.4100 likely to provide support beyond.

Forex Analysis by Dr. Sivaraman at ForexPros. com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check Forexpros. com