EUR/USD Capped So Far at Month Open
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-Respect potential for lower levels as long as EURUSD is below 1.3676. 1.3642 is (still) resistance against that level. The line that extends off of the 2012 and 2013 lows is in line with the 2014 low at 1.3476 and could offer support.
-Longer term implications from the ending diagonal that broke in May are bearish towards at least 1.3294.
LEVELS: 1.3520 1.35521.3592 | 1.3635 1.3676 1.3722
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
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