It is a widely accepted fact among chart technicians that most major moves, and many minor ones, will eventually retrace to around the 50% level of the move. There are many reasons why these 50% retracements are so prevalent in the market, but we aren’t going to speculate on those today, because in the end it doesn’t really matter, what matters is that the 50% retrace is a very real and very useful event to be aware in the market. - See more at: http://www.learntotradethemarket.com/forex-trading-strategies/trading-50-percent-retracements-price-action#sthash.NyM1tXyA.dpuf