Euro Technical Outlook

Published July 21st, 2009 - 06:19 GMT
Al Bawaba
Al Bawaba


The count in which a 4th wave triangle is complete is favored so strategy this week and next is to prepare for a break above 1.4340 and then 1.4720.  Near term (today / tomorrow), there is certainly the risk of a pullback (maybe as wave ii of 5) in order to correct the short term overbought condition.  1.4050 is potential support.