The EURUSD continues sideways trend continues (although there was a spike below the 2/18 low last night). A break below 13440 or above 13700 is required in order to set a directional bias. A break lower would shift focus to the Fibonacci extension near 13100 and a break higher to parallel channel.
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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