EUR Trading Outlook
TECHNICALS: The obvious technical levels to watch are at .9280 and .9525 (see chart). The former was a 38.2% retracement level which held really well, usually a very bullish sign. Hourly resistance levels at .9400 were also breached overnight, suggesting more topside is likely. Recent highs at .9525 are the target here and buying dips is favoured.
TECHNICALS: The main technical level to watch is a 38.2% retracement at .9280 (see chart). A clean break below there brings previous highs and a 50% retracement near .9210 into focus. Overall, buying big dips is still preferred.
Go to Euro (EUR) Archive