Euro at Highest Since Early September-Channel at 14200
Prepared by Jamie Saettele, CMT
The EURUSD has traded above the mid September pivot of 13937, which does give scope to an extension towards the channel near 14200. Interim resistance would be expected at 14055/90 (former low and 200 day average). Resistance last week at 13807 is now support.
Trend Strength (M,W,D) – (1), 0, 1
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