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Euro Weekly Price Outlook: EUR/USD Coils - Breakout Pending
In this series we scale-back and look at the broader technical picture to gain a bit more perspective on where we are in trend. Euro is down nearly 0.5% against the US Dollar this week with the recent recovery in price turning from long-term slope resistance. These are the updated targets and invalidation levels that matter on the EUR/USD weekly price chart. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more. Notes: In my previous EUR/USD Weekly Technical Outlook we highlighted a critical support confluence at the 61.8% retracement of the 2017 advance around 1.1187 - Euro has ... (full story)