6:00 pm EST
Casey Stubbs– Winners Edge Trading
The Euro gained verses the Dollar in today’s trading. This has been the pattern lately as the trend for the Euro has turned bullish since last week. This has been an extremely profitable week if you went long the Euro.
I would anticipate future gains for the Euro with targets at 1.3550 and 1.3700 and a long term target of 1.4700. As the momentum and anticipation of a bull run for the US markets continues to gain steam. I would watch for the Dollar to lose value.
The nearest support level is at 1.3215.
Winner’s Edge Trading, as seen on: