Euro Technical Outlook

Published July 31st, 2009 - 07:00 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.  A small second wave is likely complete at 1.4000.  A bullish caution bullish bias is warranted against 1.3877 (dropping below 1.4000 would not alter the bullish structure).