Euro Technical Outlook

Published June 26th, 2008 - 07:07 GMT
Al Bawaba
Al Bawaba

We are still following the sam counts; two of which call for a rally through 1.5843.



The EURUSD rally from 1.5303 is either a 3rd wave or a B wave (c of B).  Risk can be moved to 1.5468.  Look for support near 1.5630/40 (reaction low and Fibo).

STRATEGY: Bullish, against 1.5468, target above 1.5843