The USD is drifting lower ahead of Jackson Hole, which is a possible ‘sell the news’ event or maybe Powell does not address additional Japanification measures and the USD can get out of its own way. Near term EURUSD levels have not changed. 1.1880 is still proposed resistance from the 8/21 high, 61.8% retrace, and 2 legs up from the 8/21 low. The lower parallel is now about 1.1695.
Director of Technical Research at Krilogy, author Sentiment in the Forex Market
Twitter: twitter.com/jamiesaettele
Website: krilogy.com/
Twitter: twitter.com/jamiesaettele
Website: krilogy.com/
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Director of Technical Research at Krilogy, author Sentiment in the Forex Market
Twitter: twitter.com/jamiesaettele
Website: krilogy.com/
Twitter: twitter.com/jamiesaettele
Website: krilogy.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.