Chart in Focus: Daily EURUSD
The EURUSD lost ground today after trying to push higher early in the session but paring gains into the NY close. The market came just shy of the 1.3135-1.3171 resistance zone seen on the chart below. But, we could still see a rotation lower before moving higher again. If the market moves down into support around 1.3000 or further below near 1.2875, we would watch for an intra-day or daily chart buy signal to rejoin the recent move higher in this market.
The EURUSD lost ground today after trying to push higher early in the session but paring gains into the NY close. The market came just shy of the 1.3135-1.3171 resistance zone seen on the chart below. But, we could still see a rotation lower before moving higher again. If the market moves down into support around 1.3000 or further below near 1.2875, we would watch for an intra-day or daily chart buy signal to rejoin the recent move higher in this market.
