60 Minute Bars

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Prepared by Jamie Saettele, CMT

After plummeting from above 14500, the EURUSD has bounced from former resistance near 14250. The sharp decline may extend to 14200 as long as price is below 14400. 14200 is defined by the 100% extension of the decline from 14535 (14194) and the 50% retracement of the rally from 13837 (14385). A drop to there could complete a corrective decline.