The pair continues to range after strong moves a few days ago.

A break above 1.4460 indicates another swing higher with a target of 1.4550. Beyond this is 1.4600 - a daily high in back in Dec. 2008.

A move below 1.4340 would indicate a target of 1.4310-1.4300 and then 1.4250.

Containment or failure to break either side indicates a retest of the other side of the range.

Forex Analysis by Dr. Sivaraman at ForexPros.com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check Forexpros.com