Implications: Bullish
EUR: The 52 and 13 week indexes are at 6 and 25 after being at 2 and 8 last week. We wrote last week that “the analysis for the Euro is the same as that for the USD, but in reverse. In other words, expect a Euro low to form in the coming week(s).” The EURUSD declined all last week and likely put in a low on Friday.
