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EUR/USD Range Conditions; Trading Levels are 1.3605 and 1.3745

EUR/USD Range Conditions; Trading Levels are 1.3605 and 1.3745

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_eur-usd_1_body_Picture_10.png, EUR/USD Range Conditions; Trading Levels are 1.3605 and 1.3745

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-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. 1.3605 is of interest as support.

Trading Bias: Flat

LEVELS: 1.3566 1.36051.3635 | 1.3687 1.3715 1.3744

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