Euro / US Dollar 07-01
While the larger (multi month) EURUSD trend is down, a secondary low (b wave) appears to be in place at 12150. Expectations are for continued strength in wave c above 12490 towards 12675-12775.
Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday evenings), technical analysis of currency crosses on 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 email@example.com.
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