Euro Technical Outlook

Published August 22nd, 2008 - 09:39 GMT
Al Bawaba
Al Bawaba

As long as price is above 1.4672 (ideally, price remains above 1.4744), we are bullish and expecting a rally to at least 1.4980 if not the Fibonacci zone, which does not begin until 1.5168. 



Support is at 1.4770…coming much below there would begin to put in doubt the bullish outlook.