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Forex technical analysis: EURUSD extending to new session highs

Discussion in 'Technical Analysis' started by ForexLive, Feb 2, 2016.

  1. ForexLive

    ForexLive Forum Member

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    The days range is up to 44 pips. The EURUSD has extended to new session highs in the last few minutes of trading. The pair has extended the trading range to 44 pips in the process. That is still well below the average over the last month of trading at around 100 pips. Chrysler Fiat sales were better - that does not really support the move. Stocks in the US are getting worse pre-market. Anyway, when you are in a 37 pip trading range as NA traders entered for the day, there isn't that much to do to make a new "something" (high or low). The EURUSD is making a new high.

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