As we all know large round numbers are very imortant to FX traders.
Getting an idea about holding or breaking such a level is a question of inspecting the approach of price to the level.
The EURO ran up to 1.15 last night and look out for a move to 1.1525 area early today. A reversal back down into the range around 1.15 will be enough to suggest a downside move is underway. |
