Technical Analysis

EURUSD stays between retracement levels

EURUSD trade between retracement levels

Recall the swing area between 0.98056 and 0.9816 has a number of key levels within that fairly narrow range going back to September (see red numbered circles in the chart above). If the sellers are to remain in control staying below that area (along with the 50% midpoint) is needed. Move above and traders will start to target the 100 hour moving average at 0.98468.

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