Near Term Trend: Negative
Fridays Close: 1.06632 (UNCH)
UPDATE: Two weeks ago the Euro was trading 1.0550; accordingly we stated, Its oversold near term, and a slight bounce higher could be based on short covering to book profits pre- Thanksgiving.
Timing has been a week longer, but the Euro subsequently bounced to 1.0687, and may be poised to bounce further.