EUR/USD Rebounds; Above 1.0760 Would Indicate Important Change
Chart Prepared by Jamie Saettele, CMT
-Since November NFP, EUR/USD has traded lower but in a series of overlapping waves. Momentum is lacking on the move lower as well. Above 1.0760 would indicate that ‘something else’ (as in EUR/USD is no longer a one-way train lower) is going on.
- SSI is positive, although just 1.09 as of 12/1. A flip to negative would be bullish (I prefer to wait for a daily close on the other side +-1.5).
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