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Euro Finds Support at Measured Level

Euro Finds Support at Measured Level

2011-02-14 15:51:00
Jamie Saettele, CMT, Sr. Technical Strategist
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240 Minute Bars

Document2_1_body_eurusd.png, Euro Finds Support at Measured Level

Prepared by Jamie Saettele

I wrote Friday that “a drop below 13507 would shift focus to the 100% extension at 13429.” The corrective channel is also serving as support. A drop below the 100% level and corrective channel is needed in order to indicate that a 3rd wave is underway towards the 161.8% level at 13234. 13570-13610 is now resistance.

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