EUR/USD Mid-1.3700s Remains Estimated Resistance
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-On 12/27, EURUSD traded into the line that extends off of the 2008 and 2011 highs and reversed. On 1/2, price broke below the line that extends off of the 11/7 and 11/21 lows.
-Expect strength to prove corrective and fail. 1.3745 is of particular interest as resistance.
Trading Bias: Flat
LEVELS: 1.3566 1.36051.3645 | 1.3687 1.3715 1.3744
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