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EURUSD races back higher....

Discussion in 'Technical Analysis' started by ForexLive, Apr 6, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    EURGBP helping the wild price swings The EURUSD fell in sympathy with the GBPUSD just prior to NY traders entering for the day. The move lower took the price below support at the 1.1334 level. This was the low on Friday and again during yesterday's trade. It also was a retracement level (from March 29 low - last low before trend move higher). Today that level was broken but only for a brief moment. The next hourly bar stalled right at the level and the price has scooted higher to a high of 1.1372.

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