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EUR/USD Chart Levels of Interest are 1.1100 and 1.1270

EUR/USD Chart Levels of Interest are 1.1100 and 1.1270

Jamie Saettele, CMT, Sr. Technical Strategist

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Chart Prepared by Jamie Saettele, CMT

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-EUR/USD may be preparing for a substantial mark-up as noted in the weekly report. Near term, the line that extends off of the May and July lows could serve as resistance near 1.1270. As noted recently, I’m employing 1.11 (late May low and close to Brexit day close and 200 day average) as the bull/bear dividing line. SSI has flipped to negative, which is viewed as a positive for price.

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.

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