Technical Analysis and Outlook:
The Eurodollar this week continued a downward spiral retreat to the crime scene of Mean Sup 1.078 and Mean Sup 1.070 from our newly created Mean Res 1.099 as shown on EUR/USD Daily Chart Analysis For the Week of Feb 3. The leading target designations are Mean Sup 1.052 and Inner Currency Dip 1.046 - dead cat rebound is expected.
The Eurodollar this week continued a downward spiral retreat to the crime scene of Mean Sup 1.078 and Mean Sup 1.070 from our newly created Mean Res 1.099 as shown on EUR/USD Daily Chart Analysis For the Week of Feb 3. The leading target designations are Mean Sup 1.052 and Inner Currency Dip 1.046 - dead cat rebound is expected.