EURUSD Trades into Short Term Resistance Zone
240 Minute Bars
Prepared by Jamie Saettele, CMT
“Friday’s advance (which may have completed wave C of a flat) reversed before the June high, which keeps me looking lower towards Thursday’s low at 12406. Interim support comes in at 12523. Bigger picture, the June rally is viewed in a corrective light and probably a 4th wave. Near term resistance extends to 12640.
LEVELS: 12365 12406 12523 12640 12692 12746
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.