EURUSD spiking to new session highs

Technical Analysis

Author: Greg Michalowski | eurusd

Moving above 50% retracement target.  

The EURUSD is spiking to a new session highs and trades at 1.1858. In the process, the pair has moved above the 50% midpoint of the  move down from the Sept 20 high. That comes in at 1.18505.  The swing low and high from Sept 20 and Sept 26 are targets now. The 200 bar MA on the 4-hour chart is also an upside target at 1.18773. 

EUR pairs are also moving higher.

The EURGBP is pushing to new highs at 0.8974
The EURJPY is also trading at session highs and is moving toward a test of the 50% of the move down form the September high at 133.07.

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