Forex Trading: EURUSD Tests Midpoint Of Weeks Range At 1.2969
The midpoint of the weeks range is being tested at the 1.2969 level. Traders seem to be caught short and forcing the squeeze in the liquidity starved market. The 100 hour MA is still a distance away (blue line in the chart above) at the 1.3002 level. This along with the 61.8% of the weeks range at 1.2296 are the next upside targets for the pair.
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