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EURUSD rockets higher
It is tough to stop a freight train, and the EURUSD is a freight train. The pair just shot up above the 50% and the 1.10000 level in the process. Looking at the 4 hour chart, the pair got above the 38.2% at 1.1840 and then the 100 bar MA on the 4 hour chart at the 1.0924. It was not long after that, the 1.1000 level was being broken. Now the price is back below the 100 bar MA ( or it was)... The 5 minute chart has the 1.08798 to 109165 as the 38.2%-50% of the last huge trend move higher. That is wide, in and of itself. I would be careful at these levels. The market may have gotten a little ahead of it's ski's up at ... (full story)
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- Mar 18, 2015 4:59pm Mar 18, 2015 4:59pm
- traderathome
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