Posts Tagged ‘Support’
Euro Continues to Test Trendline Support – Trend is Sideways Until a Break
Euro Continues to Test Trendline Support – Trend is Sideways Until a Break
Daily Bars Prepared by Jamie Saettele, CMT Yesterdays late EURUSD comeback guaranteed another close above the trendline drawn off of the 2011 lows. Still, the larger trend must be considered sideways until we get a break below 13969 (which would signal that a 3 rd or C wave is underway towards at least the mid 13000s). I wrote yesterday that the decline from 14442 is sharp and impulsive which is …
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