EUR/USD – Heads up on 1.0520s for Support
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EUR/USD – Heads up on 1.0520s for Support

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Chart Prepared by Jamie Saettele, CMT

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-Recent updates have noted that "1.0820/50 is viewed as the dividing line between bull and bear (just as it was in 2016…and most of 2015). The spot to know (for support) is 1.0520/30 (December 2015 low and 61.8% retrace of January rally.)" EUR/USD is nearing the 'spot to know' so heads up on formation of a low over the next few days.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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