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EUR/USD Classical 05.24

EUR/USD Classical 05.24

2010-05-24 06:08:00
Joel Kruger, Technical Strategist
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EUR/USD: Look for a lower top to now carve out below 1.3100, ahead of the next fresh downside extension back towards and eventually through 1.2145. Below 1.2145 exposes psychological barriers at 1.2000 further down. Ultimately, only back above 1.3100 would negate bearish outlook and give reason for pause. 
 
 
 
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com 
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