EURUSD Flirts with Recent Highs; Closes Under 13200
Prepared by Jamie Saettele, CMT
“Friday’s advance may have completed the corrective rally from 12994. Watch the channel below 12900 as a drop below would be a ‘tell’ that the decline from 13379 is a 3rd wave rather than a C wave. On the other hand, a rebound from that level (or spike below and recovery) would favor a C wave interpretation.” Exceeding 13226 would shift focus to 13250/80 resistance.
Bottom Line (next 5 days): lower
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