EUR/USD Finally Tags the Critical 1.0820
Chart Prepared by Jamie Saettele, CMT
-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!).
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