Prepared by Jamie Saettele, CMT
As long as price is below 10546 (early month high), look lower towards the December and/or February lows at 94/96. Reward/risk is highly favorable against the April high. The slope of the 20 day average remains negative as well (I’m really searching for something).
Bottom Line (next 5 days) – lower
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.