Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-The January 2nd outside day reversal (first trading day of the year) looms large as does a weekly key reversal the week that ended January 3rd and a possible head and shoulders top. Price is testing the line that extends off of the July and November lows.
-The recent top just above 1.6600 is in line with the August 2011 top of 1.6618.
LEVELS: 1.6260 1.6315 1.6350 | 1.6410 1.6449 1.6516
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