SHORT DESCRIPTION :
A couple of weeks ago the pair formed a Bearish Engulfing combination, which indicates bearish pressure for the EUR/USD for a whole week. This is also confirmed by the last week closing price below the previous weekly low bar (2011, May 1st) and below the 10 weeks periode Simple Moving Avarage, and all this situation will make the pair try to test the 1.4000 level as a Large Quarter Point critical level. However, if this pair can go up and break the 1.4261 level it will hold the Bearish situation at least temporarily.
