Swing area tested
The EURUSD is testing the 1.0800 level and the December 8 low. On December 3rd – that was the ECB/Draghi day – the EURUSD raced higher. The ECB disappointed. Shorts were large. ON that day, the initial spike higher saw a correction to the 1.07883. Two days later the low reached 1.0795 – just above that low correction level at 1.0788. PS the 50% of the move up from the ECB day low comes in at 1.07888. So it is all happening at that area.