EUR/USD 1.3750 Break is Bearish; That Level is Resistance
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-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).
-The 1.3750 break is important because 1.3750 is the year open. This level is now resistance and near term focus is on 1.3642.
-A 1.3475 break is needed in order to reverse the macro trend towards 1.2750.
LEVELS: 1.3587 1.36421.3682 | 1.3750 1.3820 1.3865
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
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