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EUR/USD Friday Close is Resistance at 1.3798

By , Sr. Technical Strategist
03 March 2014 21:48 GMT

Daily

eliottWaves_eur-usd_body_Picture_10.png, EUR/USD Friday Close is Resistance at 1.3798

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“Former highs at 1.3811 to 1.3831 and the line that extends off of the 2008, 2011 and December highs remain of interest as a reversal zone if reached. It’s nasty out there right now.” It’s still nasty but the response at trendline resistance is a thing of beauty.

-Friday’s close is now resistance in EURUSD at 1.3798. 1.3700 is a good place for a bounce.

LEVELS: 1.3593 1.36511.3698 | 1.3798 1.3831 1.3859

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

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03 March 2014 21:48 GMT