Forex technical analysis: What to look for in the EURUSD correction

The high got close to 1.2300 yesterday. Backing off today.
The EURUSD last week broke to levels not seen since the end of 2014.  In the process, the price moved above the 50% retracement of the move down from the 2014 high.  That 50% retracement comes in at 1.21662. 

Add a Comment