Technical view:
EUR/USD is at a major resistance zone (1.3189). Break possibility exists here, but I won't be betting on that today because of the oversold status of the currency.

Fundamental view:
A day with no major releases awaits for us, forex traders. Low volatility expected and no unexpected moves
Fed Governor Bies will speak at 2:30GMT, that might generate a bit of aggressive price movement.

Trading advice for today, 26 February 2007:
I'm expecting a downtrend today because of the oversold condition.
Trade suggestion:
Took a short (sold) EUR/USD @ 1.3190 with SL @ 1.3220 & TP @ 1.3130-1.3140.

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