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#OPINIONLEADER#

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EURUSD TECHNICAL ANALYSIS 

EUR/USD price action has bulls desperately trying to push back above the psychological 1.0000 support zone but with the potential of a bullish USD print via U.S. PPI, the euro remains vulnerable to further downside. The current daily candle exhibits a long upper wick and could point to a weaker euro should we see a candle close in this fashion, bringing the 0.9854 October 2002 swing low into consideration.

Short-term I do see some reprieve for the euro potentially fluctuating around parity, but the longer-term outlook remains heavily skewed towards the greenback.

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