EURUSD breaks and surges higher
Taking me back to the disco days.
The EURUSD is on a move, breaking above the topside the 1.1035, 1.1051 and topside trend line outlined in earlier posts. That was enough to send traders buying and asking questions later. The surge has also moved above the Jan 26th low at the 1.1097 level. This is now support.
The move higher will now look toward the 1.1209 level. This is the broken 61.8% of the EURUSD lifetime range (since introduction - see montly chart below).
