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EURUSD Breaks Through Trendline

EURUSD Breaks Through Trendline

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_eur-usd_body_eurusd.png, EURUSD Breaks Through Trendline

Prepared by Jamie Saettele, CMT

The EURUSD has broken through the trendline and the next levels of interest are 13000 (former support) and the gap left open from May at 13078 (Fibonacci confluence at 13044/50). The top side of the broken trendline is now support along with yesterday’s low at 12815. I’m expecting any weakness to prove corrective.

LEVELS: 12755 12815 12870 12910 12994 13078

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.