Having continued lower with 14780 intact, the next level of interest is the October low at 14480. The EURUSD could continue lower from here but a pullback towards 14820-14900 in a corrective second wave is looking more probable at this point since the decline from just below 14900 counts well as an ending diagonal.
Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum. He is the author of Sentiment in the Forex Market. Follow his intraday market commentary and trades at DailyFX Forex Stream. Send requests to receive his reports via email to jsaettele@dailyfx.com.
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