- EURUSD failed again last week at Gann resistance in the 1.1040 area
- Our near-term trend bias is positive on the euro while above 1.0760
- A move through 1.1040 is needed to set off a more serious advance
- A minor turn window is eyed around the latter part of the week
- Only weakness below 1.0760 would turn us negative again on the euro.
EUR/USD Strategy: Link the long side while over 1.0760.
Instrument | Support 2 | Support 1 | Spot | Resistance 1 | Resistance 2 |
---|---|---|---|---|---|
EURUSD | 1.0760 | 1.0800 | 1.0845 | 1.0950 | 1.1040 |