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Forex technical analysis: EURUSD breaks higher after lower starts/permits

Discussion in 'Technical Analysis' started by ForexLive, Apr 19, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Back in the upper half The EURUSD has broken higher on the back of the lower starts and permits numbers. The data has pushed the price above the 50% of the move down from last weeks high at the 1.13488 level. It has also pushed the price above the 1.3333-1.3345 area which was home to a bunch of swing lows from April 1 to April 12. On April 13th, the price broke lower, but has been inching higher since bottoming last Thursday. Earlier today, the 1.3345 level held on two separate occasions - with corrections down to 1.1314 and 1.13268 on the corrections.

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