EURUSD – Selling pressure emerged in the major currency pair last week and the sequence of 4 higher weekly lows was broken. However, the selloff stalled close to 1.3337, a full AB=CD formation target and overnight gains have been posted. The USD Index highlights a 3 wave formation now complete with trend resistance coming in at 80.40. Signals are not strong but risk/reward is ample to call a medium term Bullish call from current levels. The profit targets are: 1.3500, 1.3770 and 1.3840

EURUSD

Failure would be selling through a stop at 1.3280

EURUSD