EUR/USD Range is Smallest for a Non US Holiday in 2013
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
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FOREX Analysis: The only days that saw smaller ranges than today’s .31% range in EURUSD were MLK day on 1/21 and Memorial Day on 5/27. No change – “The EURUSD cracked the line that extends off of the 7/15 and 8/2 lows as well as the month open of 1.3300. 1.3300 is now resistance along with the underside of the broken line (which is at 1.3300 on Wednesday anyway). Keep in mind Monday’s WSJ markets section, which featured USD weakness. Such headlines are typical at market turns (EURUSD bearish in this case).”
FOREX Trading Strategy: Flat
LEVELS: 1.3187 1.3205 1.3232 1.3300 1.3380 1.3415
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