FX: Trading Key Euro/USD Levels

The first trend move of the EURUSD corrected 38.2% of the leg and started a second leg higher.  Now the 2nd leg is testing the 38.2% of its move. Traders who are long from below, should be watching the 1.4359 level for clues on whether the trend will continue or, is the high at 1.4396 good enough.  If the price can hold the level, a move back higher could be in the cards. If the price moves below the 38.2%, there should be some selling interest with more selling below the 50% at the 1.4348 and more below the 1.4337.