Euro Technical Outlook

Published September 24th, 2008 - 05:54 GMT
Al Bawaba
Al Bawaba

The EURUSD short term pattern remains bullish.  It is possible that the small 4th wave is complete. 



This wave 4 could also end as a triangle or flat (likely since 4th waves are often ‘tricky’).  1.4546 remains the bullish line in the sand and resistance may be strong in the 1.49-1.50 area.