Euro Technical Outlook

Published July 23rd, 2009 - 05:49 GMT
Al Bawaba
Al Bawaba


The count in which a 4th wave triangle is complete is favored so I want to position for a break above 1.4340 and then 1.4720.  In other words, I suggest buying dips and support begins at 1.4055 (21 day SMA is at 1.4060 as well).  The 61.8% of the rally from 1.3878 is at 1.4030 and reinforces support.