Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-EURUSD traded above its narrow range before closing near the day’s low. It’s possible that the rally and reversal completes a terminal thrust from a triangle.
-In the event of a move higher, watch for resistance from 1.3640 (2/1 close) and 1.3674 (measured move).
-COT indicates that sentiment may be extreme among bulls.
Trading Strategy: Need to see impulsive weakness before I can short. Until then, it’s like holding a beach ball under water.
LEVELS: 1.3385 1.34301.3461 | 1.3563 1.3600 1.3640
