EUR Trading Outlook
There has been no change from yesterday with a strong technical support level at .9060, which is the 76.4% retracement of the rally from .8845 to .9750, still providing the base. The short-term charts remain bearish but seem to be entering a consolidation phase (see chart). Strong technical resistance sits at .9250/75.
Technical support level at .9060, which is the 76.4% retracement of the rally from .8845 to .9750, has basically provided support despite a marginal break on Friday. This level is growing in importance now. The short-term charts are also flattening out as bearish momentum wanes (see chart). The big technical levels are now clear at .9050/.9250.
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