Spike of EUR/USD

Discussion in 'Forex Trading' started by Peternam, Aug 24, 2012.

  1. What caused the spike of the EUR/USD ?
     
  2. Truff

    Truff

    1.2488 was key support. it was the top of the previous consolidation area before it broke higher on wednesday. Just a texcbook retracement back to previously broken resistance
     
  3. contra

    contra

    on top of 2488 previous support, news the ECB considering setting yield band targets under new bond-buying program put some fire under it.