EURO/US DOLLAR
Rallying from long term support at 1.0520 to end the week with a good-sized doji candle. This adds weight to our idea that the euro has found an interim long term low against the US dollar.
SHORT TERM TRADER: Small long at 1.0625; stop below 1.0500. Target 1.0730/1.0800.
POSITION TAKER: Square.
SUPPORT | RESISTANCE |
1.0600 | 1.0680 |
1.0570 | 1.0700 |
1.0520 | 1.0760 |
1.0450 | 1.0800 |