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EUR/USD Trading at 2010 Low

EUR/USD Trading at 2010 Low

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-EURUSD is trading at the 2010 low and the next major support probably wouldn’t be until the 2005 low at 1.1640. The current level is also reinforced by a downward sloping parallel that extends off of the November low (parallel to the line that extends off of the June and October lows…the parallel was helpful in shorting throughout October and November).

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

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