EURUSD trades to new session lows

Technical Analysis

Author: Greg Michalowski | eurusd

Moving away from the 50% midpoint

The EURUSD has moved to a new session low and in the process is moving away from the 50% retracement.  The prior lows had dipped a few pips below the midpoint level. This move is just a little more.

Moving away from the 50% midpoint
The 61.8% retracement comes in at 1.1111. That is also near some swing levels going back to July 26.  

ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose