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EUR/USD Living on the Edge

EUR/USD Living on the Edge

2017-04-11 19:27:00
Jamie Saettele, CMT, Sr. Technical Strategist
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EUR/USD Living on the Edge

Chart Prepared by Jamie Saettele, CMT

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-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.

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