Trade FOREX with FXCM
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23 September 2014 18:41 GMT
Jamie is founder of J.S. Trade Desk.
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
-“A zone of possible congestion is defined by the 2011 and 2013 lows from 1.2744 to 1.2873. Momentum is extreme, which raises the risk of a sharp ‘snapback’ before additional selling.”
-The near term momentum profile is consistent with a turn higher. Resistance is estimated at 1.3100.
--Tradingideas are availabletoJ.S. Trade Desk members.
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