FXstreet.com (Barcelona) - The Euro went through another correction yesterday, but it looks as it already bottomed out, according to Steven Wesiak, technical analyst at ABM AMRO Bank: Holding above 1.4190 should lead to the elimination of intermediate resistance at 1.4300 and then an attack on the 1.4350 all-time-high. Taking it out will propel prices up to the 1.4500 bigger picture target. On the downside, according to Wesiak, odds are as follows: On the downside, only slipping under 1.4190 implies that the bears are still active. If they drive level under that low then they will likely focus their attention on an upward sloping support line and former low at 1.4128.
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