Euro Remains Well Bid
480 Minute Bars
Prepared by Jamie Saettele
I wrote yesterday Friday that “it is best to wait until next week since there is no indication that a top is in place. 14036 is a Fibonacci extension and a level to watch for resistance early next week.” That exact level was reached this morning but there is no sign that a top is in place. A drop below 13743 or an intraday decline in impulsive fashion is needed in order to suggest that top is in place. 14100 is also potential resistance.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.