Technical Analysis and Outlook:
The Euro gained quite a bit over the trading week, breaking over our Key Res 1.062 price level. The next strong resistance is in the 1.08 area. On the downside, the Mean Sup 1.056, Mean Sup 1.045, and Key Sup 1.038 are the primary targets - The ultimate Inner Currency Dip is marked at 1.031.
The Euro gained quite a bit over the trading week, breaking over our Key Res 1.062 price level. The next strong resistance is in the 1.08 area. On the downside, the Mean Sup 1.056, Mean Sup 1.045, and Key Sup 1.038 are the primary targets - The ultimate Inner Currency Dip is marked at 1.031.
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