EURUSD retracement retesting support levels

٢٥ سبتمبر ٢٠١٥

EURUSD retracing towards support levels after today's spike action reaching 1.1290 target. Retracement is normal as algorithms take out long stops at lower levels. When enough orders have been taken out, expect a price action rebound towards the upward sloping trendline & retest of 1.1290 barrier.