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Euro Price Outlook - Stuck in Sideways Pattern for Now, Pushing Against Resistance
2021-02-24 09:41:00
Euro Forecast: EUR/JPY, EUR/USD Remain Poised for Gains; EUR/GBP Eyes March 2020 Low
2021-02-23 17:24:00
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2021-02-24 06:00:00
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2021-02-23 20:15:00
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FOREX Technical Analysis: EUR/USD Estimated Support at 13270-13300

FOREX Technical Analysis: EUR/USD Estimated Support at 13270-13300

Jamie Saettele, CMT, Sr. Technical Strategist

DailyBars

eliottWaves_eur-usd_body_eurusd.png, FOREX Technical Analysis: EUR/USD Estimated Support at 13270-13300

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: A yearlong bottoming pattern has been confirmed as complete and the first EURUSD objective isn’t until above 13800 (61.8% of decline from 2011 high and where the rally from the 2012 low would consist of 2 equal legs). Estimated support is 13270-13308.

FOREX Trading Strategy: Looking to buy EURUSD on weakness into mentioned support.

LEVELS: 13270 13308 1333513403 1348513570

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

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