EUR/USD Holds 200 Day Average; Will it be a September to Remember?
Chart Prepared by Jamie Saettele, CMT
High Frequency Trading Ideas and Traits of Successful Traders
-EUR/USD may be preparing for a substantial mark-up as noted in this weekly report. Near term, the line that extends off of the May and July lows has served as resistance. I’m still employing 1.11 (late May low and Brexit day as the bull/bear dividing line. SSI has flipped to negative, which is viewed as a positive for price.