EUR/USD Triangle Thrust into a Top Still an Option
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-EURUSD continues to hold the 2/11 high and line that extends off of the 2/6 and 2/12 lows. The rally from the 2/3 low is in 2 equal waves.
-Former highs at 1.3811 to 1.3831 and the line that extends off of the 2008, 2011 and December highs remain of interest as a reversal zone if reached. Trade below 1.3680 (not a spike) would suggest that a top is in for a drop into 1.3500s. Until then, a thrust higher from a triangle that ends above 1.3800 is possible.
LEVELS: 1.3593 1.36181.3697 | 1.3762 1.3813 1.3859
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
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