EURUSD trades at new week highs
The EURUSD has gotten a boost on the news of an additional FBI Clinton probe.
The move has extended the range for the day and for the week. Prior to the move the EURUSD range for the week was 99 pips. That is the lowest range going back to June 2014. The lowest range for the year (and for 2015 as well) has been 124 pips. The next target for the pair come in as 1.0966 (61.8%). The 1.1014 level is the 38.2% of the move down from the end of September high.
The USDJPY has moved back below the 105.00 level and tests trend line on the hourly chart and the high from Tuesday at the 104.86 level. A move below that level will look toward the 104.62 level where the 100 hour MA and the 38.2% retracement is found (see chart below). A break below that level will look toward the 50% at 104.34. The trend line off the recent lows are in between at 104.43 currently.
Traders will like to see the 105.00-105.10 to hold resistance now.
