EUR/USD Outlook

Greetings.

Let’s take a look at the EUR/USD chart.

Many analysts think the bull run is over for the EUR/USD and last week it certainly looked it was unfolding that way.

After taking another look, it seems the EUR/USD does potentially have another push up in its longer term future – at least to test the high from early May 2011.

The pair looks to be setting up for a shorter term retracement down, but once that completes, look for the upward potential movement.

Good luck with trading.

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• +1291 pips short term trades
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