EUR/USD Horizontal and Trendline Combination is 1.1500
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-There is no change to recent EUR/USD comments. “The rebound at 1.1060 sets the stage for a run at 1.15 (next zone is defined by highs since February 2015 from the mid-1.1400s to the mid-1.1500s). A push through there is still needed in order to clear the range for a trending move into the mid-1.20s. Trending strategies and tools such as SSI are unlikely to do well until we see resolution from the nearly year-long range.”
For more analysis and trade setups (exact entry and exit), visit SB Trade Desk
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.