The euro will take center stage tomorrow morning when the ECB interest rate decision and post announcement communiqué with Trichet takes place. Despite all the evidence that warns of a turn lower in the EURUSD, the 1.4050-1.4450 range remains a no man’s land. Until a break - the trend is sideways. In any case, a former support line is now potential resistance above 1.4300. Be careful about chasing the EURUSD higher in the event the pair rallies through 1.4410. Such a move could be the final push of a ridiculously complex correction.
