EUR/USD Mid-Day Outlook

EUR/USD Mid-Day Outlook

EUR/USD's recovery from 1.3427 extends further today but with 1.3743 resistance intact, correction from 1.3860 could still continue. Nevertheless, even in that case, outlook in EUR/USD will remain cautiously bullish with 1.3253 cluster support (61.8% retracement of 1.2873 to 1.3860 at 1.3250) intact. Rise from 1.2873 is still expected to<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/UqzEV43Pjl8" height="1" width="1"/>

Source: EUR/USD Mid-Day Outlook