Forex Trading: EURUSD Tests The 50% Retracement Target
The EURUSD is making new highs and testing the 50% retracement target of the move down from the NOvember 2010 high to the low reached in January at the 1.3577 level. The price has moved slightly above the level at 1.3585 as shorts get squeezed before the London/Europe close. If the price can stay above the 1.3563 level the market should keep the bullish bias.
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