EUR/USD at February High; Preparing to Launch

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

High Frequency Trading Ideas

-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). Watch for an SSI flip to signal a behavior change as well.” The low for the move was 1.1097 on 5/30. SSI has flipped. Bullish potential is significant in the coming weeks, months, and maybe longer.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk