EUR/USD technical outlook for August 22, 2014

EUR/USD retested and broke the yearly lows at 1.3330, as expected. Currently below 1.33. Short position maintained with stop-loss @ 1.3350. Downside target is 1.32. Trading over 1.34 would change the technical picture and open the way to a corrective upmove up to 1.35. Low intraday volatility is continued.

EURUSD_20140821

Chart courtesy of investing.com

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