Falling 100 hour MA catching up to rising price.
The EURUSD hasd continued it's run higher and in the process approaches the the key 100 hour MA at 1.13789. The MA is moving lower and that makes the hurdle easier in a rising market. The price has not traded above the 100 hour MA since January 11th. A move above would open the door for more upside with a topside trend line at 1.13948. The 200 hour MA come in 1.14226.
The GBPUSD is also trading to new session highs with the pair moving away from the last broken level at the 1.2920-25 (risk for longs looking for more). The high just reached 1.2971. The 1.3000 was tested last week and sellers promptly came in and sold the pair down to 1.2830. As the price gets closer, look for sellers to lean against the level with stops on a break above.
