The Euro has been well bid in recent sessions and could be threatening a break to fresh yearly highs. However, any gains are still see well offered into the 1.4000 area and I wouldn't be surprised to see another topside failure ahead of a resumption of the longer-term downtrend off of the 2008 record highs.
Euro Could Be Threatening A Break To Fresh Yearly Highs07 May 2014 06:43 BST · Time Estimate: 0 seconds · JKonFX
Forex Daily Analysis 7th May 2014
About Joel Kruger
I am a seasoned currency strategist and professional trader. I have worked for investment banks, fixed income research advisories and a leading foreign exchange brokerage. In 2012, I set up JKonFX.com to offer my daily insights and trading strategies.