EURUSD Levels 

From the FXWW Chatroom: Support – 1.1380, 1.1330, 1.1290
Resistance – 1.1420/1.1428, 1.1450.
Comment: EURUSD – The summer edition of a Davos meeting surly stirred thighs up. Draghi tried to put things back in place “ECB SAID TO SEE MARKET AS MISJUDGING DRAGHI SPEECH ON STIMULUS” and it help for little less than an hour with EURUSD trading from 1.1370 to 1.1290 for only to return to 1.1380. Overnight we have seen a push through 1.1400 and a high at 1.1420. Has the pair come too far in too quick of a manner.? Yes! But picking the top seems difficult as every man and his dog is still pilling into longs on dips. I do think we will see a correction back towards 1.1340/30 area and will look to fade a push through the overnight highs with a stop above 1.1470. (UBS)

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