Comparing market performance graph
Markets

Do we get below the floor area in the EURUSD?

Swing area tested

The EURUSD is testing the 1.0800 level and the December 8 low. On December 3rd - that was the ECB/Draghi day - the EURUSD raced higher. The ECB disappointed. Shorts were large. ON that day, the initial spike higher saw a correction to the 1.07883. Two days later the low reached 1.0795 - just above that low correction level at 1.0788. PS the 50% of the move up from the ECB day low comes in at 1.07888. So it is all happening at that area.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos