EUR/USD Daily Reversal at Confluence of Slope and Horizontal Level
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.”
-EURUSD reversed at the confluence of a sliding parallel and the 2/25 high. Risk is lower at these levels although a break above (daily close) would point to 1.15. What happens here is probably key to the next big move.