The major resistance for the Euro stands at the 14548 and 14577 levels. The Weekly Bullish Reversals are at 13913 and 14450. The Monthly Bullish Reversal stands at 14700. The weekly oscillators are still positive and technically that is the top of the channel area.
Friday’s closing at 13523 leave some room to the next Daily Bullish at 13595. The next key area of resistance will be 13846. That is what we need a daily closing above to suggest we will test the 14500 area.
