Daily
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 (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.” I also noted last update to pay attention 1.0720 for resistance. High for the move so far is 1.0714, which is in the neighborhood and keeps near term downside intact.
