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Euro Objectives Near 14400

Euro Objectives Near 14400

2011-03-31 15:41:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_eur-usd_body_eurusd.png, Euro Objectives Near 14400

Prepared by Jamie Saettele

The EURUSD has rallied from trendline support and focus is on measured objectives at 14360 and 14413. I do expect that this rally from 14020 will complete the entire corrective advance from 11875 however. Prior congestion extends to the 2010 high at 14579. In summary, I’m on the lookout for a ‘blowoff’ top above 14300. A drop below 14020 would be required in order to suggest that a top is in place.

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