DailyFX Technical Focus: 11/25/2014
By Jamie Saettele, CMT, Sr. Technical Strategist
25 November 2014 20:18 GMT
EUR/USD 1.2600 Put in Place as Key Pivot
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
-“One more low may complete 5 waves down from the May high.” EURUSD made a key reversal on 11/7 and an inside week last week. With 5 waves down from the May high, EURUSD could make it back to 1.2886 (former 4th wave) but the downside is favored as long as below 1.2600.
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