EUR Trading Outlook (17-10-2013)

No change in the technical picture withthe short-term outlook still looking quite constructive to me and the close now above previous highs at .9525 suggests that there is more topside to come (see chart). The obvious topside target is a 50% retracement level at .9715. Support levels are relatively weak until levels near .9425/35 so patience is required if you are a dip-buyer.

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