Euro Technical Outlook

Published September 5th, 2008 - 10:11 GMT
Al Bawaba
Al Bawaba

The EURUSD has continued lower and price is now below a trendline that had held price since 2002.  



Could this be the beginning of a multi-year bear market?  That is possible but the long term bullish count that calls for a 5th wave to end above 1.6038 is still valid.