EUR/USD Hovering above Support into NFP
Chart Prepared by Jamie Saettele, CMT
-The most recent EUR/USD comments noted that “EUR/USD failed to hold ‘the line’ and the suggestion is that the breakout has failed. Watch for support just below 1.1100 towards the end of the month. Have a plan! (see other traits of successful traders).” It’s the last day of the month and EUR/USD is trading near 1.1100. Major support may be just below the market. Watch for an SSI flip to signal a behavior change as well.