EUR/USD Sitting on 1.3560/90 Reaction Zone; 1.3670 is Resistance
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-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.
-I mentioned previously to “beware a flush into 1.3560/90.” EURUSD has traded into the top of this zone. Beware a Friday low and early June recovery.
LEVELS: 1.3482 1.35601.3590 | 1.3634 1.3672 1.3704
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
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