Technical Analysis and Outlook:
This week's trading saw the Eurodollar drawn to the Mean Res of 1.062, its main attraction. The intermediate price action may cause a pullback to Mean Sup 1.053 before resuming rebounding to Inner Currency Rally 1.070 with the completion of the pullback to follow.
Technical Analysis and Outlook:
This week, the Eurodollar will likely retest Mean Sup 1.100. However, it could jumpstart and retest the completed Inner Currency Rally 1.124. It's important to treat this move as the dead cat bounce.
