EUR/USD 200 Day Average Hold Works Again
06 Sep 2016 19:13, GMTDaily
Chart Prepared by Jamie Saettele, CMT
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-There is no change other than noting that the 200 day average hold is viewed as a positive sign. “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 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.”
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