Forex Trading: EURUSD Tests 38.2% Retracement Level
The 38.2% of the move up from the February 6th low come in at the 1.3208. The market is testing this level currently. If the price holds, there could be a intraday bottom in place and a corrective rotation higher. A break below would next target the 200 hour MA at the 1.3188 level. Look for some profit taking against the level on the first test.
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