EUR/USD Rips Higher From Double Inside Day; Still Within Range
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: The EURUSD broke higher from yesterday’s double inside day but remains within the range that confined most of April trading. Still, the decline from 1.3242 is in 5 waves which suggests that the break will be lower. I’m not going to pretend that I know with certainty which way the break will be however. I don’t see much to do here. Keep the big picture in mind.
FOREX Trading Strategy: Flat
LEVELS: 1.2934 1.3014 1.3074 1.3193 1.32421.3318
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