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Forex technical analysis: EURUSD trades at fresh day lows as the NY trading day begins

Discussion in 'Technical Analysis' started by ForexLive, Jan 22, 2016.

  1. ForexLive

    ForexLive Forum Member

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    The range for the day is narrow. It is Friday though The EURUSD is stretching to the day's lows as the NA trading day begins. The low for the day is 1.0804. The current price is trading 1.0806. The low to high trading range for the day is 72 pips. The 22-day average is 98 pips. So there is room to roam. Keep an eye on the 1.0788 level on the downside today. That level is the 50% of the move up from the December low - the day of the ECB meeting where the price had a 466 pip range. The low corrective price on that Dec 3rd day was 1.0788.

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