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DailyFX Home / Forex Technical Analysis / Daily Technical Analysis

DailyFX Technical Focus: 9/23/2014

By , Sr. Technical Strategist

23 September 2014 18:41 GMT


Jamie is founder of J.S. Trade Desk.

Elliott Wave Bias Table

Symbol S3 S2 S1 R1 R2 R3 Chart Links

EUR/USD Searching for a Tradable Low

Daily

EUR/USD Searching for a Tradable Low

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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