Discussion in 'Forex Trading' started by Peternam, Aug 24, 2012.
What caused the spike of the EUR/USD ?
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
on top of 2488 previous support, news the ECB considering setting yield band targets under new bond-buying program put some fire under it.
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