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EUR/USD Classical Technical Report 06.28

MENAFN - DailyFX - 28/06/2012


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daily_classical_eur_body_eur.png, EUR/USD Classical Technical Report 06.28

EUR/USD: While our overall outlook remains grossly bearish, from here we still see room for short-term upside before a fresh lower top is sought out. Despite the latest pullback, the market still looks constructive in the short-term while above 1.2440 on a daily close basis. Nevertheless, a break and close back above 1.2585 will now be required to accelerate gains. Daily close below 1.2440 negates.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com

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