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EUR/USD Rally Capped by February High So Far

Jamie Saettele, CMT

DailyFX.com -

Daily

EUR/USD Rally Capped by February High So Far
EUR/USD Rally Capped by February High So Far

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

High Frequency Trading Ideas

-“Watch for support just below 1.1100 towards the end of the month. Have a plan! (see other traits of successful traders). Watch for an SSI flip to signal a behavior change as well. The low for the move was 1.1097 on 5/30. SSI has flipped. Bullish potential is significant in the coming weeks, months, and maybe longer.” Today’s (6/16) rally from support reinforces the constructive view.

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


original source

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