EURUSD Holds Support on European Open 

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Afternoon Technicals (all charts)

Other TA (crosses, COT, etc.)

The EURUSD fell sharply on the European open but as focused on during yesterday’s webinar, the area in front of 12900 is strong support. I’m continuing to look higher as long as price is above 12876.

Continue to look higher in the NZDUSD towards the 61.8% retracement which is now also defined by the 100% extension of the rally from the low (as long as 8189 holds).

Of interest at the current level is the GBPCAD. Support is defined by the 9/12-9/14 lows and 50% extension of the 16204-15466 decline (measured from 15988).

EURUSD – 60 Minute Bars

Prepared by Jamie Saettele, CMT

NZDUSD – 60 Minute Bars

Prepared by Jamie Saettele, CMT

GBPCAD – Daily Bars

Prepared by Jamie Saettele, CMT

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Jamie is the author of Sentiment in the Forex Market.

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