Advertisement
Australia markets closed

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • AUD/USD

    0.6498
    +0.0009 (+0.14%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • OIL

    83.03
    -0.33 (-0.40%)
     

  • GOLD

    2,331.60
    -10.50 (-0.45%)
     

  • Bitcoin AUD

    102,275.15
    +841.77 (+0.83%)
     

  • CMC Crypto 200

    1,439.42
    +15.32 (+1.08%)
     

EUR/USD Higher Highs and Lows into Jackson Hole

Jamie Saettele, CMT

DailyFX.com -

Daily

EUR/USD Higher Highs and Lows into Jackson Hole
EUR/USD Higher Highs and Lows into Jackson Hole

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

High Frequency Trading Ideas and Traits of Successful Traders

-EUR/USD may be preparing for a substantial mark-up as noted in this weekly report. Near term, the line that extends off of the May and July lows could serve as resistance (we’re there now). As noted over the last several weeks, I’m employing 1.11 (late May low and close to Brexit day close and 200 day average) as the bull/bear dividing line. SSI has flipped to negative, which is viewed as a positive for price.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

ADVERTISEMENT


original source

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.