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EURUSD 13060-13100 of Interest Into ECB

EURUSD 13060-13100 of Interest Into ECB

Jamie Saettele, CMT, Sr. Technical Strategist

DailyBars

eliottWaves_eur-usd_body_eurusd.png, EURUSD 13060-13100 of Interest Into ECB

Prepared by Jamie Saettele, CMT

“The EURUSD is vulnerable at the current level but recent lows at 13155 and 13105 are support and spikes on news into those levels are candidates to fade against 12995. I don’t want to suggest a direction when the market is drifting sideways but the inability of the EURUSD to break 13000 after 3 attempts in the last 2 months hints that the break will be higher.” The EURUSD has traded lower, stopping in the middle of 2 recent lows (13155 and 13105). Know your levels ahead of event risk tomorrow (PPI and ECB). Supports are 13105 and 13060. Resistance is 13180 and 13200.

Ideas:

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