Euro/US Dollar 03-11
The EURUSD 4th wave is playing out and may be near completion. A bearish triangle can be counted from the 2/12 low. Still, 4th waves are often choppy, and are often complex. As such, one cannot rule out a test or even rally above 13740 or 13800. It could also be that the pair continues sideways for several more days.
Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum. He is the author of Sentiment in the Forex Market. Follow his intraday market commentary and trades at DailyFX Forex Stream. Send requests to receive his reports via email to firstname.lastname@example.org.
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