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EUR/USD Finally Tags the Critical 1.0820

EUR/USD Finally Tags the Critical 1.0820

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

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-I wrote last update that “1.0820/50 (supports going back to 2015) is a big level. Strength above would be viewed as an important technical event and shift focus to 1.1200 (or close).” High today was 1.0828 so the ‘big level’ has held resistance for the time being. I view 1.0820/50 as the dividing line between bull and bear (just as it was in 2016…and most of 2015…appropriate for Groundhog Day!).

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