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Forex technical analysis: EURUSD extends to new session high, but...

Discussion in 'Technical Analysis' started by ForexLive, Apr 20, 2016.

  1. ForexLive

    ForexLive Forum Member

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    ...comes off from the highs. Narrow range again for the pair. The EURUSD has extended to a new session high but let's not get too excited. The extension was only a few pips so far. The range of for the day is still only 39 pips. That is not a lot. Then again the EURUSD has seen it's trading ranges contract. The high day range over the last 5 trading days is only 81 pips. The other ranges came in at 61, 72, 59. The range for this weeks trading is only 114 pips half way through. We are trading near the highs. Can the upside probe continue?

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