EURUSD 13210/50 Cluster is Resistance
Prepared by Jamie Saettele, CMT
The EURUSD continues to hold up but was capped today by the 20 day average. Trend for most of 2012 has been sideways and as long as price is above 13003, one must consider a triangle possibility. Structurally, the triangle would probably compose a B wave. Still, as long as price is below the April high of 13379, a bearish outcome is favored (break below 13003 and on to 12880). 13210/50 remains resistance.
Bottom Line (next 5 days): topping/lower?
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