There is no change to the EURUSD outlook laid out last week in the Daily Technicals and in Friday's FX Technical Weekly. Look higher from the current level towards 1.3030 (61.8% retracement). Given event risk, I'd not be surprised to see an emotional market that spikes through that level and into 1.3065. Interim resistance is expected at 1.2975. Ultimately, the rally from Friday's low is expected to prove corrective before lower prices are registered later in the month.
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