Stay bearish against 13991. Below there keeps the trend pointed lower to 13650-13750. 13650 is a measured objective and 13750 former support and resistance. A rally above 13991 would suggest that a larger correction, maybe back to 14200, is underway.
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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