Forex technical analysis: EURUSD extends range. Move above 200 hour MA stalls.

First move above the 200 hour MA since September 22nd.

The EURUSD moved to a new session high and above the 200 hour MA (green line) at 1.17501. In the process the pair extended back above its 100 hour MA at 1.17386 and a topside trend line at 1.1745. Those levels now become support for bulls and levels to get back below if more bearish.

Liquidity is thin as staffs are light in North America due to Thanksgiving Day holiday in Canada and Columbus Day holiday in the US, but the comments from ECB Lautenschläger seemed to give traders a little more confidence in the upside for this pair.