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EUR/USD Fails Before 1.0800

EUR/USD Fails Before 1.0800

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

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-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.

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