EURUSD Tue 21 Mar EURUSD pushing against the upside targets after successful correction2nd time to test 50% levelThe EURUSD moved up to the 50% retracement level at 1.0819 after breaking above trend line resistance at the 1.0794 area earlier today.1. An uptrend creates a series of trends that have higher lows and highs. A trend line drawn between the rising lows can often be fairly accurate in determining where the market can find greater support during the next low trend and indicate fairly good buying levels.Many Forex traders will choose an area below the trend line at which stop orders are are placed resulting in a sharp sell off.
New sellers are generally attracted by breaks below the uptrend line. The Fed is the focal point here. Read More. The 1.24 is the closing level from yesterday. There have been a lot of days in the GBPUSD recently where the price makes a move, only to retrace back to where it started. Akzeptieren.