EUR/USD Building Energy above 1.1100
Date
8/15/2016 5:42:15 AM
(MENAFN- DailyFX) Daily
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 the weekly report. Near term, the line that extends off of the May and July lows could serve as resistance. 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
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