Published on FXDD (http://forex.fxdd.com)
Forex Trading: EURUSD back above 1.5651 key level for the day
By Greg Michalowski
Created May 20 2008 - 9:10am

The EURUSD moved back above the 1.5651 level which is the key level for today.  The price is the 50% retracement level of the last move lower.  It is also the 100 bar moving average on the 4 hour chart. See the earler post by clicking here [1].

 


Source URL: http://forex.fxdd.com/trading-news/4186/forex-trading%3A-eurusd-back-above-1.5651-key-level-day

Links:
[1] http://forex.fxdd.com/trading-news/4183/forex-trading:-eurusd-testing-50%-retracement-level