EUR/USD Weekly Analysis – June 23, 2014

EUR/USD remains in a sideways to higher range above the 4th square root relationship of the year’s low near 1.3520. Our broader bias is negative on the Euro while below 1.3755. A daily close under 1.3520 is needed to confirm a resumption of the broader decline. The end of the month is the next cycle turn window of importance for the exchange rate. A move through 1.3755 is needed to shift the broader trend bias to positive.