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Euro Short-term Technical Outlook: EUR/USD December Downtrend Test
Euro is poised for a second daily decline after responding to technical resistance this week. The February opening-range is preserved heading into the close and the focus is on a reaction off this zone with the multi-week rally now vulnerable into the monthly highs. These are the updated targets and invalidation levels that matter on the Euro short-term technical charts heading into March. Technical Outlook: In my last EUR/USD Short-term Technical Outlook we noted that, “A multi-week decline in Euro takes price into the first major support hurdles with the weekly opening-range taking shape just above- risk for ... (full story)