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EUR/USD 1.3450 and 1.3600 are Possible Reaction Levels

By , Sr. Technical Strategist
05 February 2014 00:30 GMT

Daily

eliottWaves_eur-usd_1_body_Picture_10.png, EUR/USD 1.3450 and 1.3600 are Possible Reaction Levels

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-The EURUSD break below trendline support is an early indication that a trend change is at hand. Still, price faces the August high at 1.3451.

-Watch for resistance from the underside of the broken trendline (about 1.3560) and the 1/31 high (1.3572).

LEVELS: 1.3295 1.33991.3472 | 1.3560 1.3602 1.3688

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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05 February 2014 00:30 GMT