EURUSD Next Bear Leg Underway
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).” As focused on this morning, a small corrective advance may be complete from 13035 (4/5 low) at 13144 (Tuesday high). 13144 is in the vicinity of the former 4th wave extreme (where one would expect resistance anyway). If a more drawn out complex correction takes hold, then resistance is 13210 but the trend is considered down against 13380.
Bottom Line (next 5 days): lower
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