EUR/USD’s frentic rally is finally pausing after essentially reaching its one hundred day moving average. Prices have pulled back to the 1.2870 area with some short-term specs taking cues from the guys at Citibank who knocked one out of the park by scooping EUR/USD yesterday at the 1.2578 level and taking profits at 1.2900.
1.2855 is next support on dips with more at 1.2835. Look for offers now on rallies to the 1.2900/2 area.
