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Euro Technical Outlook
Friday, 24 July 2009 15:41:36 GMT
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- Monday, 20 July 2009 14:59:17 GMT Euro Technical Outlook
- Friday, 10 July 2009 14:24:18 GMT Euro Technical Outlook
The count in which a 4th wave triangle is complete is favored so I want to position for a break above 1.4340 and then 1.4720. In other words, I suggest buying dips. It is possible that a small second wave is complete at 1.4118 but not probable given patterns in other USD crosses (which suggest short term USD strength before the break). Support is at 1.4055 (21 day SMA is at 1.4060 as well). The 61.8% of the rally from 1.3878 is at 1.4030 and reinforces support.
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