EURUSD Daily
Lots of action on Friday, but situation is not really crystal clear, yet.
Supports come at 1.08400, 1.08200 & 1.08050
Resistances at 1.08700, 1.08900/1.09000 & 1.09250
I can see it breaking Up on Monday, but am worried about that third lower uptick from Friday…
Let’s both options sink in till Monday and we’ll follow it intraday.
USDZ 15 MINUTE CHART – EURUSD PROXY (57.6% OF THE INDEX)
Why am I posting a 15-minute chart on a Saturday?
The reason is to show how the index ended the week in a well-defined range, reflecting how EURUSD settled into one trading around the neutral 1.0850 level.
Keep an eye on this level into the new week unless either side of 1.0801.09 is decisively broken.
US500 DAILY CHART UPDATE – WHY LEVELS MATTER
A strength of my creation, The Amazing Trader charting algo, is the levels on its charts. I created it and it still amazes me how well the levels work.
Look at this US500 chart, which reached my 5200 target and its low was dead on at the Amazing Trader key 5194 chart support.
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