Euro Technical Outlook

Published April 22nd, 2009 - 06:34 GMT
Al Bawaba
Al Bawaba

Structure on the daily is clear thus I maintain that a 3rd of a 3rd wave is down within the 5 wave decline from 1.60.  Near term, an impulse may be complete from 1.3396.  Fibonacci resistance begins at 1.3078 and extends to 1.32; both levels are former resistance levels.  The trend remains down and I am looking to sell this rally.