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EUR/USD Living on the Edge

EUR/USD Living on the Edge

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Real Time Positioning

-EUR/USD has been a good market for you the last few years if you’re style is to fade every ‘breakout’ and ‘breakdown’. At some point, a trend will emerge and this strategy of fading everything will ruin many. When is that ‘some point’? I don’t know but it’s probably soon because this feeling of peak frustration is typical before a sizeable move. Price wise, a short term trendline is being put to the test. If it breaks, then new lows are coming.

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

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