EURUSD Soars 240 Pips, Breaks Key Resistance

EURUSD Soars 240 Pips, Breaks Key Resistance

4 February 2016, 05:43
Francis Dogbe
0
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EURUSD had a banner session yesterday. After rallying a massive 240 pips from low to high, the pair settled 45 pips above former confluent resistance at 1.1050. This level marks the December 2015 high and is also former trend line resistance that extends off of the prominent August 2015 high. Any rotation back to this former resistance area (new support) could make for a compelling buying opportunity. However, given the sheer size of....
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