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Euro / US Dollar 03-25

Euro / US Dollar 03-25

2010-03-25 14:11:00
Jamie Saettele, CMT, Sr. Technical Strategist
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 eurusd0325

 

There is little else to say regarding the EURUSD right now…we’ve done the work and positioned for the move lower and the best thing to do now is let the pattern play out.  The pair is headed lower in either larger wave 5 or wave 3 of 3 (for more on that and the ‘point of recognition’…see yesterday’s video.  Risk should be kept to 13573 and 13380-13405 is resistance.  I view 13000 as the next level that could produce a multi day bounce.

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 jsaettele@dailyfx.com.

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