EUR/USD Trades to High for Month; 1.3489 is the New Pivot

| 27 november, 2013 | 0 kommentarer

Daily

eliottWaves_eur-usd_body_Picture_10.png, EUR/USD Trades to High for Month; 1.3489 is the New Pivot

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 crawl higher. Near term focus is on 1.3650 (10/3 high and 10/21 low) and it’s worth noting that the rally from 1.3296 would consist of 2 equal waves at 1.3682.

-Only a drop below 1.3489 (previously 1.3400) would begin to suggest that the trend is not higher.

Trading Strategy: This market may be re-establishing its larger uptrend. At worst, the trend is sideways towards 1.3650 and maybe closer to 1.3800 at this point. Only a move below 1.3489 would suggest that we consider the short side. GBPUSD may be breaking out.

LEVELS: 1.3463 1.35001.3559 | 1.9586 1.3650 1.3695

Subscribe to Jamie Saettele’s distribution list in order to receive actionable FX trading strategy delivered to your inbox. Jamie is the author of Sentiment in the Forex Market.

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *