Near Term Trend: Neutral
Fridayâs Close: 1.0729 (+ 87 pips)
UPDATE: Ten weeks ago the Euro had just traded up to 1.08360, we stated, â1.09100 represents key resistance. I donât expect Euro to trade above that pointâ.
Subsequently for the past ten weeks the Euro has remained well below that point, but two weeks rallied to 1.09080 and failed once again.