EUR/USD Resistance Seen above 1.2600
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“One more low may complete 5 waves down from the May high.” EURUSD made a key reversal on 11/7 and an inside week last week. With 5 waves down from the May high, EURUSD could make it back to 1.2886 (former 4th wave) but the beware channel resistance and former lows just above 1.2600 as resistance now too.
--Tradingideas are availabletoJ.S. Trade Desk members.