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EUR/USD Trades to 2 Year Low; Know 1.2660 and 1.2623 as Levels

EUR/USD Trades to 2 Year Low; Know 1.2660 and 1.2623 as Levels

2014-09-25 19:45:00
Jamie Saettele, CMT, Sr. Technical Strategist
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EUR/USD Trades to 2 Year Low; Know 1.2660 and 1.2623 as Levels

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-1.2744 was traded today and EURUSD reached a 2 year low. 1.2660 (November 2012 low) and 1.2623 (January 2012 low) are levels to know for possible support and/or exhaustion that leads to a sharp multi-day advance (how dare I mention as much).

-Exceeding 1.2900 would suggest that a tradable low is in place.

--Tradingideas are availabletoJ.S. Trade Desk members.

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