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Dollars rise slows/corrects

Discussion in 'Technical Analysis' started by ForexLive, Jan 4, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Stocks off lows The dollars rise has slowed and we are seeing corrections develop in the equity markets. The EURUSD fell below the 1.0788-1.0801 lower support level on it's way to a low of 1.0780. It has been able to do the minimum of getting above the 1.0801 level () and is now approaching the next corrective target at 1.0822-26 (50% of the most recent move lower and the low from the Asia-Pacific session).

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