Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
–EURUSD was never able to drop under 1.3642, finding low after April NFP at 1.3672. Momentum wise, I am looking for a top. RSI at each top since December has been below 70. This weak momentum profile is not suggestive of a strong bull (or bull at all for that matter).
-The uncovered close at 1.3884 is now resistance but the failed rallies may warn of something sinister on the downside. A break below 1.3750 would give scope to a breakdown towards 1.3476.
LEVELS: 1.3753 1.37741.3804 | 1.3829 1.3850 1.3884
–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.