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Forex technical analysis: EURUSD consolidates in narrow range

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

  1. ForexLive

    ForexLive Forum Member

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    Yellen awaited The EURUSD surged higher and higher on Friday. Today there is up and down consolidation. The 1.1356 level is the 50% retracement of the move down from the May high to the May low. The price has moved above and below that level in the London session with a ceiling being developed at the 1.13625 level (EURUSD is floating like a butterfly but not stinging like a bee).

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