The EurUsd is correcting downwards, after hitting a new year high today at 1.4766 dollars per hour. If it breaks 1.4700, the next downwards target is at 1.4652, while if it rebounds, the nearest target is found at 1.4722 dollars per euro.

In the technical aspect, after the good US data the dollar climbed against the euro, it's possible that we'll witness a new rebound in the next hour. Watching the Bands of Bollinger, the pair has a low volatility, while the 14 period RSI with a one hour window is in a clear neutral zone.