Euro Testing Critical Resistance Zone
Euro is testing major technical resistance this week at the yearly high-week close (HWC) / 61.8% retracement of the 2023 decline at 1.0942/60. Risk for possible exhaustion / price inflection into this zone.
Key weekly support now at the objective monthly open near 1.07013.
Bottom line: we're looking for a breakout of this range in the weeks ahead for guidance with the immediate advance vulnerable while below this technical hurdle.
Michael Boutros
MBForex
Key weekly support now at the objective monthly open near 1.07013.
Bottom line: we're looking for a breakout of this range in the weeks ahead for guidance with the immediate advance vulnerable while below this technical hurdle.
Michael Boutros
MBForex
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