EUR/USD 1.3745 Test Coming?
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-EURUSD is pressing against trendline resistance. This level is minor. 1.3745 is more likely to provoke a reaction. Interestingly, the underside of former trendline support intersects with 1.3745 in the middle of next week).
-Bigger picture, the response in late December from the trendline that extends off of the 2008 and 2011 highs does suggest that the market may have made an important top BUT the failed breakdown in late January / early February is in conflict.
LEVELS: 1.3585 1.36181.3652 | 1.3699 1.3745 1.3813
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