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Forex Trading: Long EURUSD to Begin Week

Forex Trading: Long EURUSD to Begin Week

Jamie Saettele, CMT, Sr. Technical Strategist

There is no change to Friday's comments after the close.

The near term EURUSD pattern is clean. Work on the temporary when the market allows for risk management purposes. I’m looking higher from the current level towards 12975 and 13030. If 12880 fails to hold next week, then support probably isn’t until 12837 or 12800.

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com. Follow him on Twitter @JamieSaettele

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Jamie is the author of Sentiment in the Forex Market.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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