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EUR/USD Rally Capped by February High So Far

EUR/USD Rally Capped by February High So Far

2016-06-21 16:36:00
Jamie Saettele, CMT, Sr. Technical Strategist


EUR/USD Rally Capped by February High So Far

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

High Frequency Trading Ideas

-“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.” Today’s (6/16) rally from support reinforces the constructive view.

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.