Near Term Trend: Negative to Neutral
Fridays Close: 1.06990 (+ 38 pips)
UPDATE: Three weeks ago when Euro was trading 1.05220, we stated, If U.S. Stocks continue to correct lower, Euro could bunce toward 1.07500.
We had half of the equation correct Euro did bounce to 1.0720 this week but Stocks although initially came under some pressure have been neutral / sideways for the last three weeks.