EUR/USD – Pay Attention to the Trendline off of the 2015 Lows
Chart Prepared by Jamie Saettele, CMT
-Recent updates have noted 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).” The recent high was 1.0828 so the ‘big level’ is resistance for the time being. 1.0820/50 is viewed as the dividing line between bull and bear (just as it was in 2016…and most of 2015). The line off of the 2015 lows could come into play as support (as it was on 1/27) near 1.0630.
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