EUR/USD Prints Below 1.10; Chart Levels at 1.0915 and 1.0765
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
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-“Bigger picture, the parallel that extends from the 1/21 high determines direction.” The EURUSD is at new lows and a parallel to that line could provide support…in time. The line isn’t until the mid-1.0700s tomorrow and it decreases each day. Chart levels of interest include the October 1999 high at 1.0915 and the August 2003 low at 1.0765.