The EUR/USD induced rally took the cross through the 200 day MA (101.81) to match Tuesday’s high of 101.84, but has since backed off again to 101.73.

Expect the going to get tough from here to 102.00 with talk of some heavy supply in the EUR/USD as well towards 1.3000, but a break through 102.00 points the way back up to highs of 102.50 seen on Sunday night and last Friday’s 102.80 high