EURUSD: The pair has halted and then triggered a corrective recovery of its declines from the 1.4938-1.3491 levels. This development now leaves EUR targeting further strength as we enter a new week with upside risk towards the 1.3835 level. Unless the 1.3835 level is decisively taken out, the pair could turn lower again. However, on an eventual push through that level, the 1.3936 level, its Sept 09’2011 high will be targeted followed by the 1.4095 level, representing its Sept 08’2011 low and possibly higher towards its falling trend line currently at 1.4323 level. On the downside, major support lies at the 1.3491 ... (full story)