The EURUSD is keeping the buyers in control after breaking away from the 100 and 200 hour MA. The correction in the NY session was minimal. The push to new highs is taking the price above the 61.8% and the low from January 16.
The EURUSD is above the 61.8% and the low from Jan 16.
There is not a lot of resistance, as this area was during the move down on the ECB stimulus day. The 1.1539 is the next target, but traders might simply use the 1.1456 as the risk defining level now. Stay above and the buyers remain in control. Move below and the last break is in question/ the momentum may start to fade.
