300 Minutes Bars


Prepared by Jamie Saettele, CMT

The EURUSD continues to trade sideways and probably frustrate many. The above count remains my best guess at this point. The implications are for a drop into 13950 - probably by Monday, which is when the channel line and 100% extension intersect. To review - "The decline from the May high is still left as a 3 wave decline...a drop under 14054 may complete a correction from 14535. Watch the short term channel for support. A drop below there would warn of a breakdown below 13836."