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jsaettele

EURUSD Pullback Favored into 1.2030/50

Short
Euro / U.S. Dollar (FX:EURUSD)  
jsaettele  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Wave Analysis EURUSD
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trendanalysis waveanalysis eurusd
The EURUSD rally consists of 5 waves so expectations are for a drop and then another leg higher. My ‘guess’ is that a prolonged range is underway from the January high. Markets oscillate between trending and ranging periods and EURUSD has been trending higher since March 2020. A reset of sorts is needed in the form of a range. For now, pay attention to 1.2030/50 for support. Visit scandinavianmarkets.com/news/ for more!
Director of Technical Research at Krilogy, author Sentiment in the Forex Market

Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/
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