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Forex technical analysis: EURUSD corrects back to retracement level

Discussion in 'Technical Analysis' started by ForexLive, Feb 9, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Hits 1.1300. Backs off. Battle line drawn The EURUSD moved above the 61.8% retracement level at the 1.1256 level and raced up to the next target at the 1.1300 level. There was a large option expiration which just passsd at the 1.1300 strike. The high for the day 1.12995. The market HOLDS THAT LINE.

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