EUR: Possibly attempt tiny longs at 1.4125; stop below 1.4000 |
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EUR Comment: Trying to stabilise at the 50% retracement level with a small ‘spike low’ below trendline support. Not very inspiring though and dropped by more than expected yesterday. Expect the Euro to try and form an interim base today and for the rest of the week. Strategy: Possibly attempt tiny longs at 1.4125; stop below 1.4000. Short term target 1.4350, then 1.4450. EUR/JPY Comment: The lowest monthly close since October 2006 completes a massive ‘triple top’. Expect more dithering today
Filed under: Technical
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