EURUSD runs above the 50% of the range since June 10

Technical Analysis

Author: Greg Michalowski | eurusd

Narrow range extended higher as buyers make a play

The EURUSD has extended the trading range of 33 pips in the last few minutes of trading as it broke above the 50% midpoint of the range since the June 10 high. That level came in at 1.12941. The high for the day had stalled near that level on 2 separate occasions before the recent break. The price high has extended to 1.13086 so far.

Narrow range extended higher as buyers make a play

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