menu search

EURUSD down for the 4th day in a row

EURUSD down for the 4th day in a row

The EURUSD has taken big steps lower over the last 4 trading days. From the high reached last Thurday, the pair has moved from a high of 1.1031 to a low today of 1.0679 for a move of 352 pips or 3.2% over that time period.

In the process, the pair has seen what were three consolidation areas retraced (see red boxes in the chart above). Those areas consolidated the EURUSD in an up and down range lower extended days.

Last week, the price broke out of the highest "Red Box" range a... Read More

Posted: Feb 7 2023, 16:10
Author Name: forexlive
Views: 102215

Search within

Pages Search Results: