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Euro Short-term Outlook: EUR/USD Bulls Eye Uptrend Resistance Slope
Euro is trading just below technical resistance after a breach of the monthly opening-range and while the near-term EUR/USD outlook remains constructive, the threat rises for possible topside exhaustion into this key slope. These are the updated targets and invalidation levels that matter on the Euro short-term technical charts. chart Technical Outlook: In last month’s Euro Short-term Technical Outlook we noted that EUR/USD was, “testing a major support confluence at 1.0705/17- a region defined by the objective yearly open and the 61.8% Fibonacci retracement of the yearly range. Looking for possible price ... (full story)