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Euro in 13235-13025 Range

Euro in 13235-13025 Range

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_eur-usd_body_eurusd.png, Euro in 13235-13025 Range

Prepared by Jamie Saettele, CMT

I wrote yesterday that “the decline from the 1/27 high is left as a 3 wave decline…price pattern remains constructive…” There is no reason to go over all the possible wave counts from the low. Rather, the EURUSD is in a 13235-13025 range and a break will determine the next larger move. Exceeding 13235 shifts focus to the 50% retracement of the decline from the October high. A drop below 13025 would favor a move to 12875. Support tonight is 13090-13115.

Bottom Line – flat

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