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EUR/USD Rally Slams into Resistance From 3/13 Close

EUR/USD Rally Slams into Resistance From 3/13 Close

2014-03-24 23:55:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily

eliottWaves_eur-usd_body_Picture_10.png, EUR/USD Rally Slams into Resistance From 3/13 Close

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-EURUSD trend is best described as sideways in the near term with resistance at 1.3866 and in the 1.3920s. Stronger support is still seen near 1.3650.

-A 1.3475 break is needed in order to reverse the macro trend.

LEVELS: 1.3707 1.37391.3778 | 1.3868 1.3893 1.3924

--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.

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