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EUR/USD December Déjà vu?

EUR/USD December Déjà vu?

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Traits of Successful Traders

-There is no change to the EUR/USD daily analysis other than noting that this December might end up similar to last December! “The action at the trendline could be a ‘fake-out’ that results in a broader reversal…One reason to suspect that the drop under the trendline was a trap is that USD/CHF poked to new trend highs and reversed on Wednesday while EUR/USD held the low. This non-confirmation of USD strength warns of a more important inflection point.”

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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