Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-The sharp EURUSD reversal supports the long discussed ending diagonal (wedge) interpretation. Diagonals are often fully retraced (sometimes quickly), which yields a target of 1.3294.
-Thursday’s reversal following the dip under 1.3672 gives scope to a rally attempt. 1.3758+- is resistance.
LEVELS: 1.3610 1.36571.3684 | 1.3745 1.3774 1.3810
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- Utility Industry