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EUR/USD 1.3830/65 is Now Resistance

EUR/USD 1.3830/65 is Now Resistance

Jamie Saettele, CMT, Sr. Technical Strategist


eliottWaves_eur-usd_body_Picture_10.png, EUR/USD 1.3830/65 is Now Resistance

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-1.3650-1.3700 is asupport zone that could inspire a multiday rally back towards 1.3865. Bigger picture, the 3/13 top could be in place for a while as the decline from the top counts as an impulse (5 waves).

-A 1.3475 break is needed in order to reverse the macro trend towards 1.2750.

LEVELS: 1.3642 1.37041.3751 | 1.3820 1.3868 1.3909

--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.