EUR/USD rose to 0.9998 final week however reversed simply forward of parity. Quick focus stays on 0.9734 minor help this week. Agency break there’ll argue that bigger down development is able to resume by means of 0.9534. Subsequent goal is 100% projection of 1.0368 to 0.9534 from 0.9998 at 0.9163. For now, threat will keep on the draw back so long as 0.9998 resistance holds, in case of restoration. Within the larger image, down development from 1.6039 (2008 excessive) remains to be in progress. Subsequent goal is 100% projection of 1.3993 to 1.0339 from 1.2348 at 0.8694. In any case, break of 0.9998 resistance is required to be the primary signal of medium time period bottoming. In any other case, outlook will keep bearish even with robust rebound. In the long run image, long run down development from 1.6039 (2008 excessive) is extending. Subsequent goal is 100% projection of 1.3993 to 1.0339 from 1.2348 at 0.8694. It will now stay the favored case so long as 1.0635 help turned resistance holds.
