EUR/USD Pinned to Mid-1.3500s; Near Term is a Toss Up
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-EURUSD since early October may compose a head and shoulders top. Weakness below 1.3400 would suggest that the trend is down.
-Exceeding 1.3580 would focus on 1.3650.
Trading Strategy: This market may be re-establishing its larger uptrend. At worst, the trend is sideways towards 1.3650 and maybe closer to 1.3800 at this point. Only a move below 1.3400 would suggest that we trade from the short side.
LEVELS: 1.3423 1.34791.3520 | 1.3600 1.3650 1.3695
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