The EUR is still deadlocked in a trading range with 1.4950 as the significant resistance and 1.4440 support. The negative divergence we see on the chart above still signals that a significant selloff of the EUR can be anticipated.
The small rebound we saw yesterday is derived from Buffet's rescue of some major insurers (EUR positively correlated to US stocks) and the unexpected positiveness of the ZEW survey.
Anyway, the EUR is still situated within a non-tradeable scenario and therefore we are waiting for either the upper resistance or lower resistance of this sideways current trend to be violated...
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