Forex Trading: EURUSD testing 50% retracement level

Forex Trading: EURUSD testing 50% retracement level

Published by InformedTrades
05-20-2008

Forex Trading: EURUSD testing 50% retracement level

Forex Trading: EURUSD testing 50% retracement level

The 1.5651 level is the 50% retracement level of the move from the high on April 22nd and the low on May 8th. The market moved above the level earlier off the PPI number but has backed below the level after Kohns positive comments gave ...

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