EUR/USD: With the slimmest of margins the market failed to take outthe 1.3774 resistance and completing a five wave advance. The question now raised is whether we still are in theprocess of consolidating wave iii (for a final push up to thelong term trend line) OR if yesterday’s move became atruncated fifth (v) wave i.e. a theoretical high. The answerwill be given passing either 1.3684 or 1.3774.
Read the full report: Technical Alert
SEB