Euro has surged nearly 5% off the October / yearly lows with the rally exhausting into technical resistance this week. While the breakout does shift the focus higher in EUR/USD, the immediate rally may be vulnerable here near-term, and threat of a large setback remains while below yesterday’s highs. These are the updated targets and invalidation levels that matter on the EUR/USD weekly technical chart. Technical Outlook: In last month’s Euro Technical Forecast, we highlighted key resistance / bearish invalidation at, “1.0704/65- a region define by the objective 2023 yearly open, the 52-week moving average, and the ... (full story)