EUR/USD Weekly Outlook

EUR/USD Weekly Outlook

EUR/USD edged lower to 1.3427 initially last week but rebounded from there. Friday's acceleration suggests that correction from 1.3860 is completed with three waves down to 1.3427 already, after drawing support from 55 days EMA. Initial bias is cautiously on the upside. Break of 1.3743 resistance will confirm this case<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/nGF3MRGyzAc" height="1" width="1"/>

Source: EUR/USD Weekly Outlook