Forex trading: EURUSD testing support on daily chart

Forex trading: EURUSD testing support on daily chart

Published by InformedTrades
07-30-2008

Forex trading: EURUSD testing support on daily chart

Forex trading: EURUSD testing support on daily chart

The EURUSD is testing the 61.8% retracement level of the move up from the low price on May 8th and the high price on July 15th (see chart above). The level on the daily chart comes in at 1.5573. A move below this level should lead to ...

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