Euro Technical Outlook

Published June 25th, 2009 - 06:11 GMT
Al Bawaba
Al Bawaba


Staying below 1.4141 keeps the trend pointed down.  The series of lower highs and lows since 1.4340 may be a series of 1st and 2nd waves.  Under this scenario, the decline from 1.4141 is a third of a third (powerful) wave decline.  Potential short term resistance is in the 1.4015/50 zone.