Euro Longs Favored above 13270
Prepared by Jamie Saettele, CMT
Barring a drop below 13270, continue to look higher in the EURUSD towards measured objectives at 13584 (100% extension of 12623-13234 rally) and 13627 (61.8% retracement of decline from the 10/27/11 high). The former level intersects short and long term channels on Thursday. Expect support just under the market from 13340 to 13355.
Bottom Line: Higher
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