Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
–EURUSD continues to test the underside of recently broken trendline support. After 9 days of choppy upside, many are probably giving up on the downside…so it’s probably about time for the next leg lower.
-The 11/6 high at 1.3547 and 10/31 low at 1.3575 may provide resistance.
-Keep in mind the first day of the month is the high for the month so far at 1.3588.
Trading Strategy: On the lookout for a short opportunity above 1.3550. I’ll monitor things live via Twitter @JamieSaettele. I’m also tracking a USDNOK trade.
LEVELS: 1.3363 1.34191.3485 | 1.3547 1.3575 1.3630