Forex technical analysis: EURUSD tests resistance area

Discussion in 'Technical Analysis' started by ForexLive, Dec 9, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Trend line broken but highs from Dec 4 at 1.0950 -55 area eyed Do you think the ECB wants 1.1000? Probably not, but we know from last week the price can go higher. Short positions remain high in the market and that increases fear as the price moves higher (or does not go lower). Technicals can also play a part as they help to define and limit risk for traders.

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