Yesterday the price tested the 100 hour MA. Today the prce extended above the moving average on 2 separate occasions and failed. If the price can not get above the 100 hour MA and stay above, the buyers are not taking control. On the downside, there is good support against the 0.9900/04 level. This level has been tested on a number of different times and keeps the two way action in play. However, the more times the level is tested, the tighter the spring on the market gets. A break below 0.9900 should solicit selling with the next target at the 0.9864 and then 0.9841.
