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EURUSD Returns to March High

EURUSD Returns to March High

2012-03-26 21:02:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_eur-usd_body_eurusd.png, EURUSD Returns to March High

Prepared by Jamie Saettele, CMT

Is today’s advance the beginning of something more in the EURUSD? Price has returned to the March 1st level (high was 13356). The 2/24 high is within striking distance and exceeding that level would shift focus to the 200 day average near 13600 and the 100% extension of the rally from the January low at 13865. Strategically, today’s low serves as the pivot at 13190. 13340 and 13295 are supports.

Bottom Line (next 5 days): sideways/higher?

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