EUR/USD Breaks Tight Range; 1.3730 and 1.3630 are Tradable Levels
Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
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-EURUSD has broken the short term range to the downside. Support and resistance for the rest of the week are estimated at 1.3631 and 1.3732.
-Former highs at 1.3811 to 1.3831 and the line that extends off of the 2008, 2011 and December highs remain of interest as a reversal zone if reached. The move below 1.3680 does suggest that a top is in for a drop towards monthly range lows.
LEVELS: 1.3593 1.36311.3667 | 1.3733 1.3769 1.3813
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
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