EUR/USD June-October Line is of Interest for a Low
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-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 just above the 2005 low and is worth paying attention to as a near term exhaustion point and subsequent bounce.
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