EURUSD 13190 Remains Key Level
240 Minute Bars
Prepared by Jamie Saettele, CMT
Despite the turn higher, EURUSD structure is bearish under 13190 (perhaps in the guise of an ending diagonal from 13290). Downside levels of interest remain the 2/16 low at 12974, 100% extension of the 13485-13103 decline at 12900, and 1/13 high at 12878. Exceeding 13190 would negate a near term bearish outlook and shift focus to 13290.
Bottom Line (next 5 days): bottoming?
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