• EUR/USD Technical Strategy: Flat
  • Support: 1.0804, 1.0647, 1.0394
  • Resistance:1.0930, 1.1056, 1.1213

The Euro may be preparing to turn higher against the US Dollar following the appearance of a bullish Morning Star candlestick pattern. A daily close above the 14.6% Fibonacci expansion at 1.0956 exposes the 23.6% threshold at 1.1042. Otherwise, a turn below the 61.8% level of an alternate Fib expansion setup at 1.0804 opens the door for a challenge of the 76.4% barrier at 1.0647.

Ourlong-term outlook calls for broad-based Euro weakness. With that in mind, we will treat any on-coming gains as corrective and wait for the move higher to offer a selling opportunity. In the meantime, we will remain on the sidelines.
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –