EUR resistance levels looming
- EUR/USD: Major technical resistance around 1.4290
- EUR/CHF: Short-term resistance 1.1725/50
- EUR/GBP: Short-term resistance .8850
The prospect that the EZ might be about to under promise but over deliver will be worrying EUR bears. The above resistance levels will probably slow down any rallies but beware of bullish breaks as there will undoubtedly be stops sitting above all of these levels as well.