The EURUSD has extended to new day highs and looks toward the 38.2% and 100 hour MA (blue line) in the chart below.
EURUSD extends to new day highs.
Once the pair moved above the 100 bar moving average on the 5 minute chart (see chart below), the intraday sellers turned around.
Comments from Feds Williams (Mid 2015 reasonable guess for “Lift-off) and now from Fed’s Lockhart (voting member in 2015) who is saying similar things (“urges patience on lift-off” “sees Fed Rate lift-off in mid 2015 or later”) are helping the “sell the dollar” tone.
The EURUSD could go lower so went higher.
