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Do we get below the floor area in the EURUSD?

Discussion in 'Technical Analysis' started by ForexLive, Dec 18, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Swing area tested The EURUSD is testing the 1.0800 level and the December 8 low. On December 3rd - that was the ECB/Draghi day - the EURUSD raced higher. The ECB disappointed. Shorts were large. ON that day, the initial spike higher saw a correction to the 1.07883. Two days later the low reached 1.0795 - just above that low correction level at 1.0788. PS the 50% of the move up from the ECB day low comes in at 1.07888. So it is all happening at that area.

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