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EUR/USD Yearly Opening Range Breakout

EUR/USD Yearly Opening Range Breakout

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

EUR/USD Yearly Opening Range Breakout

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

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-The last updated noted that “EUR/USD has turned up from the exact same parallel that provided support on the 2nd day of 2016. Again, strength through the 12/29 high would inspire confidence in a more important turn although there is probably resistance near 1.0790. In the meantime, intraday weakness is viewed as a bullish opportunity.” Intraday weakness on Wednesday bottomed at the December 2015 low. Focus is higher but beware the mentioned 1.0790.

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