EUR/USD: While our overall bias remains extremely bearish on the pair over the medium-term, daily and weekly studies are in the process of undergoing a very much needed and healthy corrective bounce. Look for the bounce to potentially extend into the 1.3100’s before the next lower top is sought out in favor of bearish continuation. In the interim, we remain sidelined.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
If you wish to discus this topic or any other feel free to visit our Forum page