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Euro Short-term Technical Outlook: EUR/USD Bulls Eye Range Resistance
Euro snapped a seven-day winning streak yesterday with EUR/USD trading just below multi-month resistance. Price continues to contract into the apex of a massive consolidation pattern and the focus is on a possible breakout in the weeks ahead. These are the updated targets and invalidation levels that matter on the Euro short-term technical charts. chart Technical Outlook: In last month’s EUR/USD Short-term Technical Outlook we noted that, “For now, the monthly opening-range is defined by the June 3rd candle- look for a breakout of this range and watch the weekly closes here for guidance.” The range broke ... (full story)