Euro Technical Outlook

Published May 26th, 2009 - 06:23 GMT
Al Bawaba
Al Bawaba


The EURUSD rally from 1.2886 is in 5 waves.  Wave 5 slightly exceeded the 1-3 line Friday and price has pulled back as expected.  Weakness is expected to extend to at least 1.3420 over the next several weeks.  The EURUSD rally from 1.2886 is in 5 waves.  Wave 5 slightly exceeded the 1-3 line Friday and price has pulled back as expected.  Weakness is expected to extend to at least 1.3420 over the next several weeks.