EUR/USD Sitting on Trendline Support ahead of CPI
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-EURUSD is testing support from the line that extends off of the July, November, and early January highs. A break would open up the December low at 1.3524 and August high/November 21 low at 1.3399-1.3451.
-As long as price is holding the line, a bearish call is premature as upward pressure remains possible towards the mid-1.3700s. There is an opportunity now in USDMXN.
LEVELS: 1.3451 1.35241.3566 | 1.3642 1.3678 1.3744
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