Daily Outlook: Still bearish and looking to reset my short near resistance. We have resistance at 1.4400 (former support) and 1.4430 (23.6 retracement of December hi/lo) which will provide a nice shorting zone. 1.4450 should cap these levels and if that is broken look for a retest of 1.4500. There is some news to watch out for on the day with US Non-Farm Payrolls at 13:15 and FOMC meetings at 19:00 GMT. Read more at the Forex Calendar.
Trading Idea: Looking for shorting signals in the 1.4400-1.4435 resistance zone with short targets (from 1.4435) at 1.4400, 1.4375, 1.4340 and 1.4305.
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