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New highs for the EURUSD – ForexLive


Good hold in close proximity to the one.10544 level and breaking higher than swing place.

In an earlier post, I outlined the significance of the one.1054-618 place. Being higher than would hold the prospective buyers in manage. The value did dip briefly underneath the level but it was only a one pip. Given that then, the value motion has been to the upside.

On the crack of the one.10618 level, the sellers turned even extra to prospective buyers and we are now starting off to see a move toward the following targets on the topside like the:

  • 100 bar relocating normal on the four hour chart at one.0766
  • 50% retracement of the move down from the November four substantial at one.10817
  • 100 day relocating normal at one.10898.

The value has not been higher than the 100 day relocating normal since November five. The 100 day relocating normal is in close proximity to the swing ranges going again to November 6 and November 7 at one.10924 and one.1091.  Key place on a test that should really see some patient sellers in opposition to the place with stops on a crack higher than

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