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Forex technical analysis: EURUSD trades near highs but not moving much

Discussion in 'Technical Analysis' started by ForexLive, Jan 7, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Back above 1.0788 The EURUSD has been able to step higher in trading today and in the process moved back above the 1.0788 level (see daily chart below). The level was a lower floor area on the daily chart with swing lows from December making the lower extremes at the 1.0788 and the 1.0802 respectively. The high yesterday peaked at 1.0798. Today, that area was breached and further momentum has taken the price to a high of 1.0874.

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