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EURUSD Closes 10 Pips Short of 5 Month Closing High

EURUSD Closes 10 Pips Short of 5 Month Closing High

Jamie Saettele, CMT, Sr. Technical Strategist

WeeklyCandles

eliottWaves_eur-usd_body_eurusd.png, EURUSD Closes 10 Pips Short of 5 Month Closing High

Prepared by Jamie Saettele, CMT

“The momentum profile remains bullish as per the RSI reversal signal on 10/1. If the rally materializes, then I’ll be on the lookout for signs of exhaustion above 13170, specifically in the 13283-13385 zone.” The EURUSD didn’t extend much beyond the post US session spike yesterday, ending the day below the Asian session high (13124) and European high and close (13136 and 13127). I’m looking for at least a pullback with 13085 as initial support and stronger support at 13043.

LEVELS: 13015 13043 13085 13171 13200 13283

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

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