EUR/USD Resistance Seen at 1.3810/40
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-EURUSD made a new high and the sharp reversal supports the ending diagonal (wedge) interpretation. Diagonals are often fully retraced (sometimes quickly), which yields a target of 1.3294.
-The rate has traded into the year open (1.3753). This level, along with 1.3700 is support for a bounce. 1.3810/40 is resistance.
LEVELS: 1.3672 1.37011.3753 | 1.3793 1.3911 1.3840
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