Euro Technical Outlook

1.4672 has remained intact and the EURUSD has found demand in just the last few hours.

We maintain that a large correction is underway and that at least a portion of the decline from 1.6039 will be retraced. 1.4980 is potential resistance this week but the Fibonacci zone does not begin until 1.5168. Volatility may be inspired by key events this week.