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Forex technical analysis; EURUSD suddenly on fire

Discussion in 'Technical Analysis' started by ForexLive, Sep 11, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Well relatively. The EURUSD is trading above the next target at the 1.1331 level (high for September) with the next target being the August 27 high at 1.13629. The 50% of the move down from the August 24 high comes in at 1.13989. That needless to say is a stretch but represents a key target level on the upside should the bullish bias keep running. Watch down to 1.1319 for support on dips. A move below that level would call off the intraday bulls.

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