Near Term Trend: Neutral
Friday’s Close: 1.0729 (+ 87 pips)
UPDATE: Ten weeks ago the Euro had just traded up to 1.08360, we stated, “1.09100 represents key resistance. I don’t expect Euro to trade above that point”.
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.