Euro Objectives Near 14400
Prepared by Jamie Saettele
The EURUSD has rallied from trendline support and focus is on measured objectives at 14360 and 14413. I do expect that this rally from 14020 will complete the entire corrective advance from 11875 however. Prior congestion extends to the 2010 high at 14579. In summary, I’m on the lookout for a ‘blowoff’ top above 14300. A drop below 14020 would be required in order to suggest that a top is in place.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.