Forex technical analysis: EURUSD moves above 200 hour/50% retracement - ConsultFX

Forex technical analysis: EURUSD moves above 200 hour/50% retracement

50% at 1.20018/200 hour MA at 1.20035 The EURUSD is shooting higher after the more hawkish minutes from the ECB. The move higher has the pair moving above resistance at the 1.2000 area.  The 50% of the move down from the January 4 high at 1.20018 and the 200 hour MA at 1.20035. For longs/buyers you want Copyright 2015 Forexlive.com