EUR/USD Near Term Trading Levels are 1.3300 and 1.3180
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-EURUSD decline from the 8/20 high is in 5 waves. 5 waves denote the direction of the larger trend so it’s possible that a significant high is in place at 1.3451.
-A large range key reversal unfolded on Friday and price exhibited follow through on Monday.
-Rally from Friday’s low is also impulsive (wave a of a-b-c?), suggesting that any setback will likely prove corrective. Support is 1.3180/90.
Trading Strategy: Looking lower from nearby levels but for 1.3180/90 to hold before another advance.
LEVELS: 1.3140 1.3180/901.3230 | 1.3300 1.3318 1.3377
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