Elliott Wave Bias Table
| Symbol | Bias | Time Frame | Invalidation | Objective | Chart Links |
|---|---|---|---|---|---|
| EUR/USD | flat | View Chart | |||
| USD/JPY | l (6/14) | 93.75 | 98.75 | View Chart | |
| GBP/USD | flat | View Chart | |||
| USDOLLAR | flat | View Chart | |||
| USD/CHF | l (6/13) | .9110 | .9389, .9470 | View Chart | |
| AUD/USD | pending | View Chart | |||
| USD/CAD | flat | View Chart | |||
| NZD/USD | pending | View Chart | |||
| OIL | l (6/17) | 94 | Trailing Stop | View Chart | |
| GOLD | flat | View Chart |
EUR/USD
EUR/USD-Will Trendline Come into Play on FOMC?
Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: Price closed right at the 2/7 close (large volume) at 1.3396. A cluster of levels are overhead; the 2/20 high at 1.3433, the trendline that extends off of the 2011 and 2013 highs at 1.3447 tomorrow), and the 2/5 low at 1.3458. As it stands, the market could be setting up for a spike into the high on FOMC before reversing. The rally from the 6/10 low is accompanied by pathetic momentum and a measured objective from the 1.3305-1.3177 range is 1.3433.
FOREX Trading Strategy: Recent comments were to “watch with USDCHF. A new high in EURUSD that is not confirmed by a new USDCHF low would be a ‘tell.’” This happened today so it’s possible that a high is in place but stand in front of FOMC I shall not. There is sure to be a bunch of nonsense psychobabble tomorrow but I’m looking for a top between 1.3433 and 1.3458. Any updates will be released via Twitter @JamieSaettele.
LEVELS: 1.3177 1.3245 1.3305 1.3433 1.34581.3485
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