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Euro Wave Structure Still Bullish

Euro Wave Structure Still Bullish

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_eur-usd_body_eurusd.png, Euro Wave Structure Still Bullish

Prepared by Jamie Saettele, CMT

The break above end of January / early February consolidation is expected to extend towards the mid 13400s. The 50% retracement of the decline from the October high comes in at 13435 and bullish channel resistance is just above that level.

Bottom Line – long on weakness below 13200, stop 13085, target above 13400

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