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Jamie Saettele, CMT

EUR/USD Sneaks to New High


eliottWaves_eur-usd_body_eurusd.png, EUR/USD

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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FOREXAnalysis: The EURUSD has traded to a new high and is knocking on the door of the 2/25 high. There is little doubt that the rally from 1.2796 is mature but so far each dip has been met with strong demand. Higher price still would face the 61.8% retracement of the decline from February high at 1.3341 and the 1/14 high at 1.3403. The USDCHF / EURUSD divergence is in place as long as the USDCHF is above .9205 (explained in the webinar).

FOREX Trading Strategy: Flat

LEVELS: 1.3115 1.3177 1.3268 1.3318 1.33961.3433

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