EUR/USD 1.11 Lines Up as Important Market Level
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“A period of range trading or at least a slowing in downside momentum may be in the works with the rate at a very long term level (line off of 2008 and 2010 lows).” EURUSD has held up but be aware of resistance near 1.11 (Jan low and slope resistance). A break above there would open up Feb highs at 1.1450 and 1.1533.
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