EURUSD Neckline Re-Test
EURUSD is testing its breakdown level, which is the underside of the neckline. This level is also defined by VWAP from the high (see scandex.com/2020/10/market-update-october-5/) and the line off of highs in March and June, which was support on 9/17. I am looking for resistance to hold. Failure to do so would indicate a failed breakdown and be viewed in a bullish light.
Director of Technical Research at Krilogy, author Sentiment in the Forex Market
Twitter: twitter.com/jamiesaettele
Website: krilogy.com/
Twitter: twitter.com/jamiesaettele
Website: krilogy.com/
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