Up on the day, but ups and downs. Stays above May 2016 high
The EURUSD moved above the May 2016 high at 1.16157 in trading yesterday and has stayed above that level since that break. The low today is 1.1618.
Drilling down to the hourly chart, you can see the support more closely against the May 2016 high at 1.1615. The price moved above, and tested the area on 3 separate hourly bar. The price action since peaking near a topside trend line has been admittedly choppy and more to the downside. That topside trend line cuts across at 1.1689 currently (and moving higher). The high from August 2015 remains up at 1.1711.
Looking at the 5 minute chart below, the price is ping ponging around the 100 and 200 bar MAs at 1.1636 and 1.1644 respectively. A move below the 200 bar MA will look toward that key 1.1615 level.
