Near Term Trend: Neutral
Fridayâ€™s Close: 1.0729 (+ 87 pips)
UPDATE: Ten weeks ago the Euro had just traded up to 1.08360, we stated, â€ś1.09100 represents key resistance. I donâ€™t expect Euro to trade above that pointâ€ť.
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.