300 Minute Bars

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Prepared by Jamie Saettele, CMT

The EURUSD found support at 14150, which is the 100% extension of the decline from 14534 but I continue to favor the downside towards 14000. To review, the rally from 13836 is viewed in a constructive light and may be the first leg of the next larger bull leg. Support is clustered from 14000 (potential right shoulder in inverse head and shoulders pattern) to 14100 (61.8%).