FXstreet.com (Buenos Aires) - EUR/USD seems to be starting an upside corrective movement, testing again the 1.4085 area; the pair remains oversold both in 1 and 4 hours charts, yet with no signs of losing the bearish trend, expect corrective movements to remain limited to the 1.4110/40 area. Expect also sellers to come into play at those levels.

With stocks unable to regain the upside, downside movements under today's low of 1.4045, could extend to 1.3990 area ahead of 1.3960, past July 15th daily low. Consolidation under current level, will signal further losses ahead of next sessions.