EURUSD races back higher....
The EURUSD did it best to move back below the support at the 1.0800 area. When the US ISM data disappointed, it tried to hold the line at the 1.0863 area. When that ceiling failed it was another 80 pips to new highs at 1.0942 as sellers turned quickly into buyers and the squeeze of those shorts from down below was back on... Where does it end? We are in a pain game now.
The 1.0994 to 1.1035 are the next major cluster of resistance. Support at 1.0890 and 1.0863 now.
When you have a huge range, corrections can be huge too. So be aware. The 38.2%-50% of the move up to 1.09417 from 1.0789 is between 1.0865-83. The old high was 1.08907. That defines the support area now after the latest surge.
