Longs in EURUSD crushing the shorts. Trades above 1.2200 now. Dollar index at 3 year low.

Discussion in 'Technical Analysis' started by ForexLive, Jan 12, 2018.

  1. ForexLive

    ForexLive Forum Member

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    It is not a good day for the shorts It took a while to get there (was not until 2:20 PM ET), but the EURUSD moved above 50% of the move down from the 2014 high at the 1.2166 level, and over the last 2 hours the price has added another 52 pips to the gains.

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    The pair closed below 1.2200, but I think next week it will continue rallying towards 1.2300.
     

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