Euro Supported Expected Under 13700
60 Minute Bars
Prepared by Jamie Saettele, CMT
I wrote yesterday that “wave 3 (now v of 3) is probably nearing completion now so respect the potential for weakness in a 4th wave before the EURUSD finishes its rally in wave 5 later this week (or next week).” Weakness is treated as a 4th wave and support is expected at former resistance of 13680. A deeper decline as low as 13564 is possible as that is the former 4th wave. The goal over the next few days should be to identify a low.
Trend Strength (M,W,D) – (1), (2), 1
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