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Euro Focus Remains Firmly on 13600

By , Sr. Technical Strategist
24 February 2012 14:13 GMT

Daily Bars

eliottWaves_eur-usd_body_eurusd.png, Euro Focus Remains Firmly on 13600

Prepared by Jamie Saettele, CMT

“There is no change for the call for an extension of the EURUSD rally that began at the January low. Fibonacci objectives are near 13600 and intersect with channels in early March.” 13340 and 13295 are supports and the bias is firmly higher above 13186 with the most bullish count valid above 13269 (3rd wave extension).

Bottom Line: Higher

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24 February 2012 14:13 GMT