EUR/USD – Chop and Slop Until ECB then Watch 1.0720
07 Mar 2017 18:29, GMTDaily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-“Bigger picture, an important region continues to hold. The region I’m referring to is March and December 2015 lows at 1.0460 and 1.0524. Still, between 1.0460 and 1.0820 is trading purgatory but if you must then pay attention to the center line of the channel that defines weakness from the May high. Weakness below there would warn of a coming panic drop. For a big wave count possibility, check out this video. Also pay attention to 1.0720 on Thursday (ECB).
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