EURUSD Backs to session high in Forex market
1/26/2018 4:21:28 PM
After reaching a session low level of 1.2377 in Forex market, the EURUSD pair gathered several new bids and is currently located at session tops, around mid-1.2405s.
A strong follow over buying interest has the possible to boost the pair back towards regaining the 1.2510 handle before finally darting towards mid-1.2510s.
On the other hand, 1.2427 level, followed by the 1.2403 handle now appears to protect the immediate weakness, which if broken might cause some further profit-taking slide towards 1.2355-45 support.
FOREX market analysis by FxErvin.