Possibility of some up-side in the Euro in the coming weeks. We've had a strong push down from the monthly highs that also failed to break above previous all time highs. A triple top style pattern was also formed in this region which is a strong indicator of longer term downside within the Euro. At the minute however, we have had a daily descending correction into a major trend-line where price has reacted to heavily with strong momentum bullish engulfing candle which shows us the possibility of some short term upside. If we see price moving in an ascending corrective manner, a good area for price to come into would be the Key Weekly Support and 61.8% Fib Retracement Level around 0.82200.
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