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EUR/USD Slope Line is above 2005 Low for Next Several Days

EUR/USD Slope Line is above 2005 Low for Next Several Days

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 below the 2010 low and the next major support probably isn’t until the 2005 low at 1.1640. The line that extends off of the June and October lows is at about 1.1710 on Friday and is worth paying attention to as a near term exhaustion point.

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

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