The EURUSD is back above the 200 hour MA and is taking steps higher after finding support against the 100 hour MA (blue line) . The 200 hourMA comes in at 1.22606 currently (green line) and staying above this level keeps the bias to the upside for the pair.
The next topside resistance comes in at 1.22737. The close from yesterday at 1.2293. The high from earlier today at 1.2306. The high for the week at 1.2316 are the next steps higher….if the price stays above the 200 hour MA. A move below the 200 hour MA and the nimble traders in this non trending market may just reverse and go the other way with the 100 hour MA at 1.22426 the next target.
Trader’s be nimble. Trader’s be quick.
