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Euro technical forecast: has EUR/USD topped?
Euro is attempting to mark a third consecutive weekly advance with EUR/USD eyeing the 2023 range high. While the medium-term outlook remains constructive, the advance may be vulnerable here as price tests long-term downtrend resistance. These are the updated targets and invalidation levels that matter on the EUR/USD weekly technical chart. chart Technical Outlook: In last month’s Euro technical forecast, we noted that EUR/USD had failed to mount yearly-open resistance at 1.0705 with, “key weekly support at 1.0412/61- a region defined by the 52-week moving average and the 38.2% Fibonacci retracement of the ... (full story)
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- Posted: Apr 5, 2023 3:45pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 1,059
