EUR/USD Churning around Range Highs
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
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FOREX Analysis: The EURUSD formed an inside day and ended the day virtually unchanged. Such action is typical of the recent low volatility environment. In light of the trendline confluence at the current level, I’d not give up on the bear case just yet. In fact, it is possible that the rally into Friday’s high actually completes a flat correction from the 8/13 low.
FOREX Trading Strategy: Flat
LEVELS: 1.3205 1.3250 1.3310 1.3380 1.3415 1.3500
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