Where is the Euro going? The LMAX Exchange Chart Talk for Thursday, April 27, 2017

Where is the Euro going? The LMAX Exchange Chart Talk for Thursday, April 27, 2017

In the euro’s latest breakout to fresh 2017 highs, if the market continues above 1.09 its next measured move targets 1.1230 or 1.14. The market is well supported at 1.0570. The pound/dollar has seen a breakout above 1.2775, December’s peak following the low of 1.1840 last October. This sees a potential move upwards to 1.35. Dollar/yen has been trading in a downtrend within the last few days. But if price is contained below 112.20 sees potential downside.

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