EUR/USD Finds Support on a Smaller Trend Line (Webinar Recording)
This is a recording of a webinar from February 6, 2017. To attend a live webinar with Jeremy obtain your free registration here.
We started with DJIA and the 19,782 low and the 20,138 high are important for determining near term direction.
Towards the end of the webinar (near the 51 minute mark), we opened the seal on EUR/USD. Though the pair has fallen hard today, it is finding support near trend lines. If those lines fail, then a bigger sell may be underway. Otherwise, it may be an opportunity to bounce and retest to the highs.
Lastly, we talked about 2017 Top Trading Opportunities and the 2016 Top Lessons. Grab those guides and additional learning material on Elliott Wave theory at this link.
---Written by Jeremy Wagner, Head Trading Instructor, DailyFX EDU
Follow me on Twitter at @JWagnerFXTrader .
See Jeremy’s recent articles at his Bio Page.
To receive additional articles from Jeremy via email, join Jeremy’s distribution list.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.