Forex Trading: EUR/USD Breaks Above 50% Retracement Level

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Forex Trading: EUR/USD Breaks Above 50% Retracement Level

By Greg Michalowski on June 1, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

The EUR/USD has broken the key 50% Fibonacci Retracement level laying around 1.4180. The pair has hit a high currently at 1.4211 in this thin market with several Eurozone and Swiss bank holidays and is still rising. The pair’s next target/resistance lays up at 61.8%…

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