EUR/USD Prints Below 1.10; Chart Levels at 1.0915 and 1.0765
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“Bigger picture, the parallel that extends from the 1/21 high determines direction.” The EURUSD is at new lows and a parallel to that line could provide support…in time. The line isn’t until the mid-1.0700s tomorrow and it decreases each day. Chart levels of interest include the October 1999 high at 1.0915 and the August 2003 low at 1.0765.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.