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EUR/USD Digests the Gap; Breakaway Variety?

EUR/USD Digests the Gap; Breakaway Variety?

2017-04-27 19:03:00
Jamie Saettele, CMT, Sr. Technical Strategist
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EUR/USD Digests the Gap; Breakaway Variety?

Chart Prepared by Jamie Saettele, CMT

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-“At some point, these range conditions will break and a trend will emerge. 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.” The gap through a trendline is a great way for a ‘sizeable move’ to begin. A trendline confluence is near 1.1000 and could influence for a pause. After that, the long term median line is near 1.1100. If that breaks, then start getting creative on where this could go.

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