FXstreet.com (Barcelona) - The Euro has slid against the Dollar from intra-day high at 1.4440 to test 1.4400 level after the pair jump from 1.4360 to 1.4440 in the early European session. Currently the pair is trading around 1.4395/1.4405, 0.45% above today's opening price action at 1.4335.
The ecPulse.com analysis team comments: The pair is trading sideways amid general calm trading. The downside trend movement continues to control the pair as it nears the resistance level for the descending channel accompanied with overbought signals on momentum indicators. Those factors support our expectations for an intraday downside move targeting 1.4215 and require 1.4470 to remain intact.