EUR/USD makes a daily low with trendline and 100% measured move (from the first leg) confluence. This point also coincided with a 23% retracement of the last wave (not shown).
Author: Steve W.http://www.nobrainertrades.com
Since 2008, No Brainer Trades has been a provider of a wide range of articles geared towards a common sense approach to trading using fundamental market analysis in conjunction with globally identifiable technical levels. Steve, NBT's founder, is an 11 year trader, having formerly worked as a sell and buy side global macro analyst for several of the largest financial institutions in the world. You can follow us on Twitter or Facebook.