EURUSD Inside Day at 20 Day Average
Prepared by Jamie Saettele, CMT
I wrote yesterday that “support for Tuesday is 13185 but the specter of 5 waves up from 13002 demands that we respect the potential for a deeper corrective decline into 13120/40 before resumption of the bull trend.” The EURUSD traded to 13170 before recovering in the US session. A drop into the mentioned 13120/40 still cannot be ruled out.
Bottom Line (next 5 days): sideways
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