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EUR/USD Classical Technical Report 04.02

EUR/USD Classical Technical Report 04.02

Joel Kruger, Technical Strategist
Daily_Classical_EURUSD_body_eur.png, EUR/USD Classical Technical Report 04.02

EUR/USD: The recent break and close back above 1.3300 now likely opens the door for additional upside over he coming days towards and eventually through the current 2012 highs just shy of 1.3500. While our core outlook still favors substantial weakness ahead, current strength could very well extend into the 1.3600’s by the 200-Day SMA before consideration is to be given for underlying bear trend resumption off of the record highs from 2008.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

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