EURUSD Bears Thwarted by Early Month Range So Far
Prepared by Jamie Saettele, CMT
“As focused on in the weekly, the rally from the June low is the model of a correction, thus focus is lower towards 12434 and 12360 this week and a break below 12287 is expected in July.” The EURUSD has dipped this week but bears haven’t been able to crack the early month opening range (6/1 high is at 12460)…yet. Short term structure isn’t exceptionally clear but Monday’s high (12566) serves as an objective level to place stops on shorts for the week. 12510/30 is resistance.
LEVELS: 12287 12360 12435 12530 12580 12635
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