News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
EUR/USD Inside Day on Trendline

EUR/USD Inside Day on Trendline

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

EUR/USD Inside Day on Trendline

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-The sharp EURUSD reversal supports the long discussed ending diagonal (wedge) interpretation. Diagonals are often fully retraced (sometimes quickly), which yields a target of 1.3294.

-The current level (trendline) could inspire a reaction and see EURUSD play trendline ping pong although I’ll also watch for EURUSD to dip below 1.3672 while USDCHF stays below .8952 to trigger a market divergence turn.

LEVELS: 1.3610 1.36421.3672 | 1.3745 1.3774 1.3810

--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.

DISCLOSURES