EURUSD Aggressive Count against 12525
240 Minute Bars
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. 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.” The EURUSD reached 12523 last night before reversing. An aggressive 3rd wave interpretation of the decline from 12523 is valid below that level. Near term resistance is 12460/95.
LEVELS: 12287 12337 12400 12460 12495 12525
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