Euro Technical Outlook

Published June 8th, 2009 - 06:06 GMT
Al Bawaba
Al Bawaba


Euro / US Dollar



The drop below channel support strongly suggests that an important top is in place at 1.4340.  The underside of the channel line near 1.4000 is potential resistance going forward as is the 61.8% of the decline from 1.4340 at 1.4135.