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EURUSD Resistance Clustered above 13165

EURUSD Resistance Clustered above 13165

Jamie Saettele, CMT, Sr. Technical Strategist

DailyBars

eliottWaves_eur-usd_body_eurusd.png, EURUSD Resistance Clustered above 13165

Prepared by Jamie Saettele, CMT

“Focus remains on 13003 and 12877 (1/13 high…100% extension of decline from the top is at 12903 as well) but the specter of 5 waves down from 13380 gives scope to a corrective advance back towards 13165. Watch the underside of the freshly broken January-March trendline for resistance as well.” The underside of the line is at 13165 on Tuesday. Additional resistance is 13210.

Bottom Line (next 5 days): lower

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