Euro Technical Outlook

Published May 5th, 2008 - 06:14 GMT
Al Bawaba
Al Bawaba

We are bearish as long as the EURUSD is below 1.5643.  Potential trendline resistance surrounds the 1.55 figure and chart resistance from a former congestion zone extends to 1.5546. 



A short term bearish target is at 1.5230.