Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-The line that extends off of the 2012 and February lows was broken last week. Price is back above this line now.
-The rally from the low (.8967) is contained by a corrective channel and the advance consists of 2 equal legs (equality would be .9129). The 9/25 high at .9137 is also nearby resistance.
Trading Strategy: If the market has turned then .9065/80 should hold on a pullback.
LEVELS: .9018 .9065 .9080 | .9137 .9175 .9214