EUR/USD Fails Before 1.0800
Chart Prepared by Jamie Saettele, CMT
-I was looking for a move to 1.0820/50 before we saw a day like today. I guess it was a sign that all was not well when USD/CHF took out the 12/29 extreme and EUR/USD did not. Such divergences are typical at turns (even short term turns). I don’t feel strongly one or the other at these levels but levels to note are 1.0654, 1.0517, and 1.0460s.
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