Your Source for Daily FOREX Market News and Analysis
Saturday, 21 November 2009 GMT
FOREX ALERTS >>
- USD Graphic Rewind Fri, 20 Nov 2009 07:11 GMT
eur technicals
Article
Euro Technical Outlook
Tuesday, 25 August 2009 15:14:26 GMT
|
Previous Articles
Print
- Monday, 24 August 2009 14:16:56 GMT Euro Technical Outlook
- Friday, 14 August 2009 14:55:09 GMT Euro Technical Outlook
- Thursday, 13 August 2009 14:34:30 GMT Euro Technical Outlook
- Wednesday, 12 August 2009 14:37:34 GMT Euro Technical Outlook
- Tuesday, 11 August 2009 14:07:14 GMT Euro Technical Outlook
- Monday, 10 August 2009 14:50:28 GMT Euro Technical Outlook
- Friday, 07 August 2009 14:27:12 GMT Euro Technical Outlook
- Thursday, 06 August 2009 14:13:07 GMT Euro Technical Outlook
- Wednesday, 05 August 2009 14:26:14 GMT Euro Technical Outlook
- Friday, 31 July 2009 15:00:33 GMT Euro Technical Outlook
- Thursday, 30 July 2009 14:12:53 GMT Euro Technical Outlook
- Wednesday, 29 July 2009 15:03:44 GMT Euro Technical Outlook
- Tuesday, 28 July 2009 14:24:10 GMT Euro Technical Outlook
- Monday, 27 July 2009 14:29:51 GMT Euro Technical Outlook
- Friday, 24 July 2009 15:41:36 GMT Euro Technical Outlook
- Thursday, 23 July 2009 13:49:45 GMT Euro Technical Outlook
- Wednesday, 22 July 2009 14:19:46 GMT Euro Technical Outlook
- Tuesday, 21 July 2009 14:19:18 GMT Euro Technical Outlook
- Monday, 20 July 2009 14:59:17 GMT Euro Technical Outlook
- Friday, 10 July 2009 14:24:18 GMT Euro Technical Outlook
The EURUSD is threatening to break higher and test the December 2008 high of 1.4723. A potential target is 1.5245, which is the 78.6% retracement of the decline from above 1.6000. This level intersects with potential trendline resistance at the end of September. Focus remains on the short term advance from 1.4044, which is in 5 waves. It is possible that a correction is complete at 1.4252 (38.2% of the rally) but a larger more complex correction could end below that level - which would expose the 1.4170-1.4200 zone.
Resources
