EUR/USD Still Capped by Outside Day Reversal
Chart Prepared by Jamie Saettele, CMT
-Previous comments remain valid. “EUR/USD is still a range. For months, commentary has focused on the fact that EUR/USD continues to find support at the median line (from slope that originates by connecting the March and April lows). Yes, the tight range will give way to the next directional move but the immediacy of that move is called into question after today’s (10/15) outside bearish reversal, which took place very near the May high.”
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