Fxstreet.com (Buenos Aires) - EUR/USD is slowly advancing, testing the top of these last two day's range, and approaching to 1.4266 yesterday's high. As stocks try to rally, risk appetite makes shy advances across the board. However, slow movements and lack of volume at this time of the day, will hardly trigger a strong breakout rally.
Looking at daily charts, pair seems to be forming a head and shoulders pattern, as long as price doesn't clearly overcome the 1.4300 area, where second shoulder will be completed. Daily close above that level and an extension to the upside, will deny the formation.