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Euro Technical Outlook

Thursday, 26 June 2008 15:07:33 GMT

Written by Jamie Saettele, Technical Currency Analyst

We are still following the sam counts; two of which call for a rally through 1.5843.

The EURUSD rally from 1.5303 is either a 3rd wave or a B wave (c of B).  Risk can be moved to 1.5468.  Look for support near 1.5630/40 (reaction low and Fibo).

STRATEGY: Bullish, against 1.5468, target above 1.5843

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