Tanalys

EUR/USD Sitting on Trendline Support ahead of CPI

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

EURUSD is testing support from the line that extends off of the July, November, and early January highs. A break would open up the December low at 1.3524 and August high/November 21 low at 1.3399-1.3451.

-As long as price is holding the line, a bearish call is premature as upward pressure remains possible towards the mid-1.3700s. There is an opportunity now in USDMXN.

LEVELS: 1.3451 1.35241.3566 | 1.3642 1.3678 1.3744

–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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