EUR/USD Friday Close Remains Uncovered at 1.3798
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“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. It’s nasty out there right now.” It’s still nasty but the response at trendline resistance is a thing of beauty.
-Friday’s close is now resistance in EURUSD at 1.3798. 1.3700 is a good place for a bounce.
LEVELS: 1.3593 1.36511.3698 | 1.3798 1.3831 1.3859
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.