Forex technical analysis: EURUSD racing to new session highs. - ConsultFX

Forex technical analysis: EURUSD racing to new session highs.

Cracks trend line and 50% retracement.  EURJPY also surging The EURUSD has now moved above the topside trend line and 50% retracement of the move down from the November 27th high at at 1.1834 and 1.18389 respectively. The door is open for further gains with the high from last week at 1.18622 and the 61.8% at Copyright 2015 Forexlive.com