EUR/USD Former Highs Cluster above 1.3800
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-EURUSD cut through 1.3745 without much of a reaction. The rally from the 2/3 low is in 2 equal waves to the point but there is no indication that the advance is complete.
-At this point, former highs from 1.3811 to 1.3831 are of interest as a turning point…along with the line that extends off of the 2008, 2011 and December highs.
LEVELS: 1.3618 1.36821.3723 | 1.3768 1.3813 1.3859
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