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EUR/USD – Time for Change from the Range?

EUR/USD – Time for Change from the Range?

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Traits of Successful Traders

-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 (low again today on 3/9). Between 1.0460 and 1.0820 is trading purgatory in my opinion but a move through the top side would make higher swing highs and lows following a false breakdown in late 2016-early 2017. Until then, I’m open to just about anything. For a big wave count possibility, check out this video. Also pay attention to 1.0720 on Thursday (ECB).

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