EUR/USD Weekly Outlook

EUR/USD Weekly Outlook

EUR/USD's rally resumed after brief consolidations and reached as high as 1.4005 last week. Initial bias remains on the upside this week for 61.8% projection of 1.2873 to 1.3860 from 1.3427 at 1.4037. Break there will extend the whole rise from 1.2873 towards 1.4281 key resistance next. On the downside,<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/I2ePp0MT3ec" height="1" width="1"/>

Source: EUR/USD Weekly Outlook