….stalls (at 0.9939).

Traders who are long from below on the failure to extend lower today have some satisfaction, but will feel better on a break above the key MA. The low to high range for the day is still a narrow 36 pips. So there is still hope for an extension (normal is 62 pips). So look for dips toward 0.9925 to find buyers on hopes the bottoms over the last three days is strong, but understand that the 100 hour MA still looms as a key level to get above and prove that the buyers can take back some control.