Euro Technical Outlook

Published July 27th, 2009 - 06:29 GMT
Al Bawaba
Al Bawaba


A 4th wave triangle is complete and expectations are for an upside break through 1.4340 and then 1.4720.  The move may occur with 1.4118 remaining intact, which is where a small second wave could be complete.  Failure to hold that level would expose potential Fibonacci support at 1.4030.