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EUR/USD

EUR/USD

Jamie Saettele, CMT, Sr. Technical Strategist

EUR/USD 1.3300/40 is Now Support; Beware False Break

Daily

eliottWaves_eur-usd_1_body_eurusd.png, EUR/USD

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

FOREX Analysis: It’s hard to believe that that the EURUSD isn’t going to trade through 1.3415…and then pull back. Why? Because a well-advertised level (June high in this case) is a common collection area for stops which rarely hold. Former resistance at 1.3340 is the top of estimated support. The bottom of the support zone is the month open at 1.3300.

FOREX Trading Strategy: Flat

LEVELS: 1.3265 1.3300 1.3340 1.3415 1.3500 1.3600

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