Tests 38.2% at 1.1735. 200 week MA at 1.1794
The EURUSD has taken out the August 2015 high at 1.1711. Yesterday that level was printed and the price fell. Today it is broken and stops sent the price to a high of 1.17378.
The price move higher has quickly moved to the 38.2% of the move down from the 2014 high. That comes in at 1.1735 (the high reached 1.1738). A continuation above that level will have traders targeting the 200 week MA at 1.17942 (this week). That is also getting close to the natural 1.1800 level (where is "Evil Baby"? He called 1.1800 target a while ago).
