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Forex technical analysis: EURUSD corrects to the 38.2% retracement.

Discussion in 'Technical Analysis' started by ForexLive, May 13, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Modest bounce so far The EURUSD has pushed to new session and week lows on the better than expected retail sales in the US. The price decline has taken the price to the 38.2% of the move up from the March 2016 low. That level but comes in at 1.1312. The low extended to 1.13075. The corrections off the low have been modest so far. The sellers remain in control.

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