Euro Technical Outlook

Quite simply, the series of higher highs and higher lows since early March is bullish. I have written recently that “know that once the turn occurs, it will be fast…there are 2 areas to look for longs; the low side of the diagonal line and a break of the top side.” Another line, drawn off of the February 9th and 23rd highs, has provided resistance to additional gains so far. I do expect resistance to give way and for the EURUSD to make its way to 1.33. This outlook is intact as long as price is above 1.2610.