Euro Technical Outlook

Published May 2nd, 2008 - 02:39 GMT
Al Bawaba
Al Bawaba

There is no change from yesterday.  



“The bearish break this morning confirms that wave 3 (or c) within the 5 (or 3) wave bear cycle from 1.6018 is underway.  The initial bearish objective is at 1.5230 and risk can be moved to 1.5643.  Near term resistance is at 1.5540.”