EUR/USD Rally Stalls at February Support
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“The break above the resistance line (old support) indicates that behavior has changed. Looks towards 1.1270.”
-1.1270 was reached and slightly exceeded. EURUSD is at resistance from lows in Feb (former support) and a parallel that was resistance in Oct and Nov. Near term risk is lower as long at these levels.